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Ecolab deal boosts hygiene and sanitizing offering

Ecolab to acquire US operations of Swisher Hygiene

Ecolab is to acquire the US operations of Swisher Hygiene for $40m in cash.

Swisher Hygiene provides hygiene and sanitizing for the foodservice, hospitality, retail and healthcare markets. Sales in 2014 were $176m.

Swisher Hygiene has 1,000 employees in the US, primarily in field sales and service, and serves 30,000 businesses.

It offers products and services for the institutional foodservice industry, including warewashing and foodservice cleaning and sanitizing products and services.

Douglas M. Baker, Jr., Ecolab chairman and chief executive officer, said the deal would expand its Institutional customer base and service coverage.

“The addition of Swisher Hygiene's US portfolio of independent restaurants complements Ecolab's presence in national restaurant chains.”

The transaction is expected to close in the fourth quarter of 2015, subject to Swisher Hygiene stockholder approval and customary closing conditions. 

Assuming that close date, Ecolab expects the transaction to be very modestly dilutive over the first twelve months beginning in the fourth quarter of 2015, and become accretive afterwards.

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