Ecolab Inc. (NYSE:ECL) will look for acquisitions. Daniel Schmechel, Chief Financial Officer said, ?We have continued and will continue to turn significant amounts of cash back to investors, both through dividends and through share repurchase, and we will continue to be guided by a very consistent set of financial objectives, including the EPS growth target that I've mentioned, our demonstrated ability to improve ROIC sequentially, even when we go through the setback temporarily of doing acquisitions. Our ability to drive returns on these acquisitions, I think, is very well demonstrated. And our cash flow priorities remain very much the same, which is we'll continue to, of course, make necessary investments in the business to grow the dividend in line with EPS growth, to make smart and accretive acquisitions and to do share repurchase really with what's left over and as a way to address and maintain the balance sheet where we want it to be?.