Ecolab tightens hold on US hygiene sector with Microtek buy:
This article was originally published in Clinica
Executive Summary
US provider of cleaning and pest control services to hospitals Ecolab is to consolidate its business in the healthcare sector with the acquisition of Microtek Medical. The deal, which is expected to close in the fourth quarter of 2007, will see Ecolab (St Paul, Minnesota) pay $6.30 per share (approximately $274m in total) for all outstanding shares in the infection control and safety products manufacturer. The purchase of Alpharetta, Georgia-based Microtek is expected to reduce Ecolab's 2008 earnings by two cents per share, but will be accretive beyond that. Ecolab reiterated its forecasts to earn $1.64-1.66 per share for 2007.
You may also be interested in...
Cosmetic And Personal Care Trademark Review: 16 April
Personal care and cosmetic product trademark filings compiled from the Official Gazette of the US Patent and Trademark Office, Class 3.
Health And Wellness Weekly Trademarks Review: 16 April
Trademarks are registered and published for opposition with the US Patent and Trademark Office and are published weekly in the agency's Official Gazette.
Beauty Packaging Producers: July Marks Registration Deadline With PRO In Three States
Companies considered producers of single-use packaging in Oregon, Colorado and California must register with Circular Action Alliance, the leading (and currently only) producer responsibility organization, by 1 July 2024 under new state recycling laws.