) has launched the Stealth Fusion Fly Light program, a new
offering from its Pest Elimination business. The latest
proprietary extension of the market-dominating Large Fly Program
is used to kill large flies indoors.
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The Stealth Fusion Fly Light program integrates Ecolab's fly
light and Stealth Fly Station technology and is used to enhance
food safety in places like restaurants by reducing the
transmission of germs such as Salmonella and E. coli through
flies. Developed by experts at Ecolab Pest Elimination's
Research, Development & Engineering team, the light in the
device can eliminate up to 170% more flies than a regular fly
Effective from 2013, Ecolab has reorganized its reporting
segments to take into account its latest acquisitions and growth
in the global economy. The Global Pest Elimination business in
now under Ecolab's "Other" segment.
Revenues from the Global Pest Elimination unit increased 5% year
over year in the first quarter of 2013 on the back of solid food
and beverage, healthcare and foodservice sales. Further, it
benefited from market penetration as well as new services and
technologies. Some of the other new offerings from this business
unit are the Stealth Fly Station, Stealth Maxima Fly Light,
CheckPoint Interior and CheckPoint Exterior Rodent Stations, and
St. Paul, Minn.-based Ecolab serves the foodservice, food and
beverage processing, healthcare and hospitality markets in the
U.S. and abroad. The company remains focused on bringing new
technologies into the market. Moreover, the company is
aggressively pursuing acquisitions to expand into emerging
markets for growth.
Although we are impressed by Ecolab's strong international
exposure, we remain cautious about aggressive competition.
Challenging economic and market trends in 2013, together with
unfavorable internal issues will likely be near-term headwinds
for the company. Raw material price inflation also remains a
cause of concern.
Ecolab currently has a Zacks Rank #3 (Hold). Other
chemical-specialty companies such as
American Pacific Corporation
American Vanguard Corp.
Minerals Technologies Inc.
) warrant a look. APFC and AVD carry a Zacks Rank #1 (Strong
Buy), while MTX is a Zacks Rank #2 (Buy) stock.