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Ecolab
Ecolab Inc. (formerly Economics Laboratory), headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
The company is ranked 274th on the Fortune 500 and 569th on the Forbes Global 2000.
The company was founded in 1923 as Economics Laboratory by Merritt J. "M.J." Osborn. The company's first product was Absorbit, designed to quickly clean carpets in hotel rooms. It followed by Soilax, a dishwasher soap.
Its first overseas subsidiary, Soilax AB, was established in Sweden in 1956.
EL became a public company in 1957. It acquired Klenzade in 1961 and the Magnus Company in 1964, giving the company access to Magnus's industrial specialty businesses – including pulp and paper, metalworking, transportation, and petrochemical processing.
In 1972, the company acquired Raburn Products, maker of dish machine racks and dish room carts.
In February 1980, it acquired Apollo Technologies, a major producer of conditioning agents for electrostatic precipitators, for $71.2 million; it was shut down in 1983 with a $42 million loss.
In 1984, Ecolab acquired Lystads, thereby launching its pest elimination division.
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Ecolab
Ecolab Inc. (formerly Economics Laboratory), headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
The company is ranked 274th on the Fortune 500 and 569th on the Forbes Global 2000.
The company was founded in 1923 as Economics Laboratory by Merritt J. "M.J." Osborn. The company's first product was Absorbit, designed to quickly clean carpets in hotel rooms. It followed by Soilax, a dishwasher soap.
Its first overseas subsidiary, Soilax AB, was established in Sweden in 1956.
EL became a public company in 1957. It acquired Klenzade in 1961 and the Magnus Company in 1964, giving the company access to Magnus's industrial specialty businesses – including pulp and paper, metalworking, transportation, and petrochemical processing.
In 1972, the company acquired Raburn Products, maker of dish machine racks and dish room carts.
In February 1980, it acquired Apollo Technologies, a major producer of conditioning agents for electrostatic precipitators, for $71.2 million; it was shut down in 1983 with a $42 million loss.
In 1984, Ecolab acquired Lystads, thereby launching its pest elimination division.