Ecolab Inc., a leading company in water, hygiene and energy technologies and services, has reached an agreement to acquire the U.S. operations of Charlotte, N.C.-based Swisher Hygiene Incfor approximately $40 million in cash. Swisher Hygiene provides hygiene and sanitizing solutions for the food service, hospitality, retail and healthcare markets. Sales in 2014 for the operations included in the agreement were approximately $176 million.
“This attractive transaction will expand our Institutional customer base and service coverage. The addition of Swisher Hygiene’s U.S. portfolio of independent restaurants complements Ecolab’s presence in national restaurant chains,” said Douglas M. Baker, Jr., Ecolab chairman and chief executive officer. “We look forward to welcoming Swisher Hygiene employees and customers to Ecolab, and growing with them as we work to make the world cleaner, safer and healthier.”