Ecolab
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| Type | Public (NYSE: ECL) S&P 500 Component |
|---|---|
| Industry | hygiene chemicals, sanitization, pest control, food safety |
| Founded | 1923 |
| Headquarters | St Paul, Minnesota |
| Key people | Douglas M. Baker, Jr Chairman of the Board, President and Chief Executive Officer of Ecolab. Director of Ecolab since February 2004. |
| Products | cleaning, sanitizing, pest elimination, food safety and infection prevention products and services |
| Revenue |
 $ 6.7985 billion (2011) |
| Net income |
$ 462.5 million (2011) |
| Employees | 42,000 |
| Website | Ecolab UK |
Ecolab, Inc. (NYSE: ECL; known as Economics Laboratory prior to 1986)[1] is a St. Paul, Minnesota based sanitation supply company founded in 1923 by Merritt J. Osborn.
The company provides sanitation and pest control supplies, foodservice equipment repair and parts, food safety services and consulting to restaurants, hospitals, food and beverage plants, laundries, schools, retail and commercial properties.[2] With sales of over $6 billion globally and more than 26,000 sales-and-service associates, Ecolab Inc. is the global leader[3] in cleaning, sanitizing, pest elimination services, food safety and infection prevention products and services. Ecolab delivers comprehensive programs and services to foodservice, food and beverage processing, healthcare, and hospitality markets in more than 160 countries.
Ecolab sells chemical products used by beef and poultry processors to reduce pathogens, such as E. coli and salmonella, on uncooked beef and poultry.[4]
The company stock is a component of the Standard and Poor's 500.[5] Ecolab common stock is traded on the New York Stock Exchange under the symbol ECL.
In 2011, Ecolab has been named one of the “World's Most Ethical Companies” by Ethisphere magazine. This is the fourth year that Ecolab has received that recognition. The extensive research process included reviewing over 10,000 of the world's leading companies on six continents. Fewer than 100 companies were chosen for the award.[6]
In 2010, Ecolab was ranked #365 in Fortune 500 magazine, moving up seventy three spots over last year. Ecolab also ranked 228 in terms of market value, 183 on return on sales, 111 for return on total assets, 131 for return on equity and 72 in total return (stock price plus dividends) to shareholders over the ten years ending in 2007.
In December 2011, Ecolab completed a merger with Nalco Holding Company NYSE: NLC (formerly Ondeo Nalco.
See also
References
- ^ http://www.ecolab.com/CompanyProfile/History.asp
- ^ http://www.ecolab.com/CompanyProfile/Default.asp
- ^ http://investdb.theglobeandmail.com/invest/investSQL/gx.company_prof?company_id=159015
- ^ http://www.cafc.uscourts.gov/opinions/08-1228.pdf
- ^ IndexArb, "Index Component Weights of Stocks in the S&P 500" (as of April 10, 2008) [1]
- ^ Ethisphere Magazine
External links
- Archival records of Ecolab at the Minnesota Historical Society
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