Cleaning services company Ecolab is buying Permian Mud Service—parent to specialty chemicals companies Champion Technologies and Corsicana Technologies—in a deal that expands Ecolab's presence in the oil and gas market.
October 12, 2012 at 12:00 AM
1 minute read
UPDATE, 10/16/12, 1:50 p.m. EDT: Additional firms and lawyers advising Ecolab on this deal have been added to the fourth, fifth, and sixth paragraphs.
Cleaning services company Ecolab Inc. said Friday it will pay $2.2 billion in stock and cash to buy Permian Mud Service Inc.—parent company of Champion Technologies and Corsicana Technologies.
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