ECL closed out at 60.54 today. This moves it above its current price target of 59.13. Ecolab develops products and services for hospitality, foodservice, healthcare and industrial markets. Last month, Ecolab Inc. announced the acquisition of Esoform, an independent healthcare manufacturer focused on infection prevention and personal care. ECL also announced it will acquire InsetCenter pest elimination business in Brazil. The sales from this company are approximately $6 million. They also completed the purchase of Nalco in a stock-and-cash deal worth $5.6 billion. Nalco Holding Company provides water, energy, air and process technologies and services.
We are currently evaluating our position in this company.