Ecolab Acquires Specialized Process Technology Provider to the Oil & Gas Industry
Nalco Champion, an Ecolab company, has acquired the assets and
operations of Ultra Fab Industries Ltd. (Ultrafab), a privately held
company based in Calgary, Canada, that designs and manufactures
customized solutions and specialized chemical injection systems for the
oil and gas industry. These systems are primarily used in the removal of
hydrogen sulfide from oil and gas. Ultrafab sales are estimated to be
approximately $35 million in 2015. No further details were announced.
The acquisition broadens Nalco Champion’s offerings and market
opportunity while providing new and differentiated programs to meet the
market’s increasing regulatory and safety requirements. By integrating
Ultrafab’s capabilities, Nalco Champion will be positioned with a unique
line of field treatment technology solutions from well head to refinery.
"Leveraging our global sales and service footprint, we will expand
Ultrafab’s technology by combining it with our industry-leading
chemistry to enter new markets around the world and across the petroleum
lifecycle,” said Stephen M. Taylor, executive vice president and
president, Nalco Champion. “Ultrafab's reputation for excellence and
industry know-how made them the clear partner of choice."
Nalco Champion is a leading provider of specialty value-added chemistry
solutions, technologies and services that enhance productivity, decrease
operating costs and conserve natural resources for upstream and
downstream oil and gas companies.
A trusted partner at more than one million
customer locations, Ecolab (ECL) is the global leader in water, hygiene
and energy technologies and services that protect people and vital
resources. With 2014 sales of $14 billion and 47,000 associates, Ecolab
delivers comprehensive solutions and on-site service to promote safe
food, maintain clean environments, optimize water and energy use, and
improve operational efficiencies for customers in the food, healthcare,
energy, hospitality and industrial markets in more than 170 countries
around the world. For more news and information, visit www.ecolab.com.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20151105005078/en/
Copyright Business Wire 2015
Source: Business Wire
(November 5, 2015 - 8:30 AM EST)
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