Ecolab sells surgical business for nearly $1 billion [Yahoo! Finance]
Ecolab Inc. (ECL)
Last ecolab inc. earnings: 4/28 08:30 am
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Source: Yahoo! Finance
The St. Paul based provider of water, hygiene and infection prevention solutions and services earned announced the $950 million deal with the Illinois-based private company Tuesday morning. Medline is one of the largest makers and distributors of medical supplies and has 38,000 employees with approximately $28 billion in annual sales. "We are pleased to have the opportunity to acquire a leading portfolio of operating room products with such a strong reputation for protecting patients and health care workers," said Jim Pigott, president and chief operating officer for Medline in a news release. Ecolab's surgical solutions business includes sterile drapes that protect patients, surgeons and operating room equipment. It is a product-driven business that produced more than $400 million in sales in 2023. Approximately 3,000 Ecolab employees, most of them in the Dominican Republic, will become part of Medline. "It's a great business that's going to be in great hands with Medline," sa
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ECL
News
- Ecolab Inc. (NYSE: ECL) had its price target raised by analysts at UBS Group AG from $269.00 to $270.00. They now have a "buy" rating on the stock.MarketBeat
- Ecolab Inc. (NYSE: ECL) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $260.00 price target on the stock.MarketBeat
- Ecolab Releases 2023 Growth & Impact Report, Showcases Progress Toward Creating 2030 Positive Impact [Yahoo! Finance]Yahoo! Finance
- Ecolab Releases 2023 Growth & Impact Report, Showcases Progress Toward Creating 2030 Positive ImpactBusiness Wire
- IFMA's 2024 Gold Plate Award Goes to Chris Tomasso [Yahoo! Finance]Yahoo! Finance
ECL
Earnings
- 4/30/24 - Beat
ECL
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- ECL's page on the SEC website