The transaction is structured as a binding offer with exclusivity protection to allow the sellers to consult with their French works councils prior to entering into the definitive purchase agreement. Once the definitive agreement is executed, the transaction would remain subject to clearance by applicable regulatory and competition authorities prior to closing. The transaction is expected to close in late 2016, subject to satisfaction of such contingencies. No other details were announced.

Douglas M. Baker, Jr., Ecolab chairman and chief executive officer says, “Ecolab is committed to being the global leader in providing hospitals and healthcare operators with effective and innovative solutions for infection prevention and hygiene. We are excited to join forces with Anios because of our shared passion for this mission. Their innovative product line expands the solutions we can offer while also providing a complementary geographic footprint. Its presence in the food and beverage processing and foodservice markets also complements ours. We are pleased that CEO Bertrand Letartre and managing director Thierry Letartre have agreed to remain with our combined organization providing continued leadership of the acquired business.”