<p.August 17, 2007—Ecolab Inc. has agreed to purchase Microtek Medical Holdings Inc, manufacturer and marketer of infection control products for healthcare and acute care facilities. Microtek's specialized product lines include infection barrier equipment draperies, patient draperies, fluid control products, and operating room cleanup systems.
Ecolab, with 13,000 sales-and-service associates delivers comprehensive programs and services to foodservice, food and beverage processing, healthcare, and hospitality markets in more than 160 countries.
According to Ecolab, this purchase represents another strong step to significantly expand the company’s growing presence in healthcare cleaning and infection prevention. As a global leader in premium cleaning and sanitation, Ecolab points to its long-standing record of bringing new, innovative, and effective solutions to the foodservice, lodging, food and beverage processing and healthcare industries, helping them to deliver cleaner, safer, and healthier products, experiences, and outcomes.
The boards of directors of both companies have approved the agreement, which is subject to the approval of Microtek’s shareholders and other customary closing conditions, including regulatory approvals. Ecolab has agreed to pay $6.30 per share in cash for Microtek’s shares; Microtek had 43.5 million shares outstanding at June 30, 2007.
For more information visit Ecolab Inc. Web site.
