Ecolab buys China water treatment firm Jianghai
6/16/2015 12:00:00 AM
Ecolab has acquired controlling interest in Jianghai Environmental Protection Co. (Jianghai), an industrial water treatment company headquartered in Changzhou, officials announced on Tuesday.
Jianghai provides water treatment technologies, chemistries and services to several industries in China, including customers in power and chemicals.
Jianghai has more than 550 employees and operates two manufacturing plants in Changzhou. In 2014, the company had sales of $90 million. No further details were announced.
The acquisition complements Ecolabs current industrial water treatment offerings under the Nalco name, and strengthens the companys long-term growth opportunities in the increasingly water-stressed China market, according to Ecolab representatives.
Jianghais excellent reputation, size and product and service offerings complement and expand our water treatment business in China. Both companies are known for their service-oriented, problem-solving approach to optimizing customer operations and profitability, said Ecolab CEO Douglas M. Baker, Jr.
Ecolab will continue to serve customers in China through both Jianghai and Nalco.
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