Ecolab will acquire water treatment and process improvement company Nalco Holding, The Wall Street Journal reports. The U.S. cleaning and pest-control services company will pay $5.38 billion for the acquisition.
Bank of America Merrill Lynch is advising Ecolab on the deal, while Goldman Sachs is serving as a financial adviser to Nalco. The transaction is expected to be completed in the fourth quarter of this year.
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