St. Paul, Minnesota-based Ecolab Inc. is acquiring Swisher Hygiene Inc.’s (Nasdaq: SWSH) U.S. operations for $40 million in cash.
The Charlotte, North Carolina-based target provides cleaning and sanitization services for the retail, foodservice and healthcare sectors and generated $176 million in sales in 2014.
“The addition of Swisher Hygiene’s U.S. portfolio of independent restaurants complements Ecolab’s presence in national restaurant chains,” says Ecolab CEO Douglas Baker.
In June, Ecolab acquired Changzhou, China-based water treatment company Jianghai Environmental Protection Co. Ltd. for undisclosed terms.
Meanwhile, Swisher has been selling assets. On Aug. 10, Swisher completed the $2.6 million sale of the company’s Canadian operations and in May, Swisher sold Gulf Coast Laundry Services for $4.0 million.