ST. PAUL, Minn. (News release) -- Ecolab Inc. has signed an agreement to acquire the paper chemicals business from Georgia-Pacific. This business supplies differentiated products and applications that provide strength, softness and durability to paper.
These products and applications will enhance Ecolab's position in the growing Tissue and Towel, as well as the Packaging and Board segments of the paper industry. The business had 2016 revenues of approximately $43 million. The transaction is expected to be completed before the end of the year subject to customary closing conditions.
"This acquisition will enable us to provide additional value to our customers who strive to produce higher-quality paper more efficiently while preserving natural resources," said Christophe Beck, executive vice president and president, Nalco Water, Ecolab's water management business. "The chemistries gained through this transaction will complement our existing solutions and provide greater opportunity to customize end-to-end programs that meet the needs of our customers."
Ecolab Inc. is a global leader in water, hygiene and energy technologies and services.
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