Ecolab Inc. has acquired the paper chemicals business of Atlanta-based Georgia-Pacific, the company announced Friday.
The St. Paul-based company did not disclose how much it’s paying for the business, which uses chemicals to make paper softer and more durable, but that unit generated $43 million in revenue for Georgia-Pacific in 2016, Ecolab said. Georgia-Pacific is owned by Wichita, Kan.-based Koch Industries.
Ecolab will use this operation to grow its tissue and paper towel industry, the company said. The deal is expected to be completed at the end of the year.
With revenue of $13.15 billion in 2016, Ecolab is the ninth-largest public company in Minnesota when ranked by revenue.
By Nick Williams
Source: Minneapolis Business Journal
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