ZURICH -- Clariant AG (CLN.VX) Monday said it will acquire the
deep water Gulf of Mexico assets from Ecolab Inc. (ECL) for an
undisclosed sum.
MAIN FACTS:
- The divestment of the assets by Ecolab was a prerequisite by
the U.S. Department of Justice for the approval of the acquisition
of Champion Technologies.
- Clariant is entering into a series of agreements with Champion
related to its deep water Gulf of Mexico business.
- The acquired assets include Champion Technologies' oil and gas
production chemicals services in the deep water Gulf of Mexico.
- The transaction is complementary to the company's strategy to
further expand its deep water operations in the region and
globally.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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