Leading cleaning and sanitation products maker,
) recently entered into a collaboration agreement with
Philadelphia-based privately-owned facilities management service
provider, ARAMARK. As per the deal, ARAMARK will be using
Ecolab's Hydris technology to expand its Blue Cleaning program.
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Ecolab's Hydris Systems produce electrolyzed water used to
sanitize almost all sorts of surfaces. The safe and effective
device comprises three daily cleaning products and can be
utilized as a disinfection cleaner, a floor cleaner as well as an
all-purpose sanitizer/glass cleaner.
ARAMARK's Blue Cleaning program uses eco-friendly Electrically
Activated Water (EAW) to clean specific surfaces like floors,
carpets and hard surfaces. Along with Ecolab's Hydris technology,
ARAMARK's program can be extensively used to clean more varieties
of surfaces. Further, the Blue Cleaning program will be used to
disinfect places of all sizes such as universities, schools,
convention centers and more.
St. Paul, Minnesota-based Ecolab offers products and services to
the hospitality, foodservice, institutional and industrial
markets across more than 160 countries. To spur growth, the
company continues to invest in strategic areas such as product
innovation, healthcare, water and energy and global pest
Ecolab remains focused on bringing new technologies aimed at
reducing food safety risks. Moreover, the company is aggressively
pursuing acquisitions to expand into faster-growing markets.
Latin America remains a key growth engine for the company's
Although we are impressed by Ecolab's strong international
exposure, we remain cautious about currency fluctuations and
aggressive competition from the likes of
The Clorox Company
Church & Dwight Co. Inc.
). Sluggish European markets and raw material price inflation
also remain headwinds.
We currently have a Neutral recommendation on Ecolab. The stock
carries a short-term Zacks #3 Rank (Hold rating).