Ecolab Inc. today announced it has developed Exelerate(R) ZTF, a breakthrough cleaning program to help food manufacturers address the growing problem with cleaning zero trans fat food oil from processing equipment and environmental surfaces. The patent-pending program cut the cleaning time in half during initial testing and is the first product of its kind to address the emerging issue.
ECL was up almost 2% to $46.11 in trading Monday before the closing bell.
The full news release can be viewed at http://investor.ecolab.com/releasedetail.cfm?ReleaseID=436639
My price target of just over $50 remains for Ecolab and I will continue to monitor the position.