Ecolab Inc. announced it has sold its Fab-Tech business unit, a part of
Ecolab’s Global Energy segment based in Casper, Wyoming that performs
custom design, engineering and fabrication of oilfield equipment, to
Dragon Products Ltd, a leading manufacturer of mission critical products
serving the energy industry, based in Beaumont, Texas. Fab-Tech sales
were approximately $20 million in 2017. No further details were
disclosed.
“Our Fab-Tech team is known for its quality work in oilfield
fabrication. Dragon provides a compelling strategic fit with Fab-Tech,
and we are pleased that will drive Fab-Tech’s future success,” said
Deric Bryant, executive vice president in Ecolab’s Global Energy
upstream segment.
About Ecolab
A trusted partner at more than one million
customer locations, Ecolab (ECL) is the global leader in water, hygiene
and energy technologies and services that protect people and vital
resources. With 2016 sales of $13 billion and 48,000 associates, Ecolab
delivers comprehensive solutions and on-site service to promote safe
food, maintain clean environments, optimize water and energy use, and
improve operational efficiencies for customers in the food, healthcare,
energy, hospitality and industrial markets in more than 170 countries
around the world.
For more Ecolab news and information, visit www.ecolab.com.
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Ecolab Inc.
Michael J. Monahan, 651-250-2809
or
Andrew C. Hedberg, 651-250-2185