Ecolab Inc. completed the acquisition of Bro-Tech Corporation from Stefan E. Brodie and Don B. Brodie.
December 30, 2021
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Ecolab Inc. (NYSE:ECL) entered into a Stock and Asset Purchase Agreement to acquire Bro-Tech Corporation from Stefan E. Brodie and Don B. Brodie in a deal valued at $3.7 billion on October 28, 2021. The consideration will be paid in cash. Purolite will operate as a separate global business unit and its overall results will be reported within Ecolab?s Life Sciences division. Ecolab will pay approximately $3.7 billion in cash, utilizing approximately $800 million of cash on the company?s balance sheet and low-cost debt for the balance. The transaction is expected to close in the fourth quarter of 2021, subject to regulatory clearance and other customary closing conditions. No other details were announced. The acquisition is expected to be neutral in 2022 and nearly $0.10 accretive in 2023 to adjusted earnings per share; transaction amortization expected to be approximately $0.26 per share. This transaction is expected to be accretive to our sales growth. J.P. Morgan Securities acted as exclusive financial advisor to Ecolab. Dieter Schmitz, Teisha Johnson, Elizabeth Ebersole, Christopher G. Guldberg, Christian Burholt, John Watson, Rod Hunter, Maurice Bellan, Kerry Contini, Mauricio Pacheco, Cherrie Shi, Sarah Winston, Felipe Ferenzini, Phillip J. Taylor, Christopher M. Bartoli, Kai R. Kramer, Lisa Rosaya, Hugo Dubovoy, Andrew Martin, Jannan Crozier, Weronika Achramowicz and Michelle Carr from Baker McKenzie acted as legal counsel for Ecolab. Centerview Partners LLC acted as exclusive financial advisor to the company. Stephen Arcano, Armando Gomez, Eric Sensenbrenner, Jared Binstock, David Rievman and Neil Stronski from Skadden, Arps, Slate, Meagher & Flom LLP served as a legal advisor for Bro-Tech Corporation. Simpson Thacher & Bartlett LLP represents J.P. Morgan Securities as financial advisor to Ecolab Inc. in Its $3.7 Billion acquisition of Purolite. The Simpson Thacher team includes Caroline Gottschalk (M&A).
Ecolab Inc. (NYSE:ECL) completed the acquisition of Bro-Tech Corporation from Stefan E. Brodie and Don B. Brodie on December 1, 2021.
Ecolab Inc. specializes in the development and the marketing of cleaning and disinfection products and services. The activity is insured with hotels, restaurants, hospitals, schools, shops, commercial and industrial laundries, food factories, etc. The activity is organized around three areas:
- sale of wastewater treatment products;
- sale of cleaning and disinfection products and services: wash liquids, detergents, stain removers, disinfectants, soaps, deodorants, distributors of products, equipment (dishwasher, washer, etc.), cleaning services, training, etc.;
- pest control, repair and maintenance services: detection and elimination of rats services, and repair and maintenance of equipment of kitchen and refrigeration services.
Net sales are distributed geographically as follows: the United States (53%), Europe (21%), China (4.4%), Asia/Pacific (8.5%), Latin America (6.6%), India/Middle East/Africa (3.6%), and Canada (2.9%).
ECOLAB INC. 
