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Ecolab Reports 4Q Sales and European Restructuring

Company to cut 900 jobs in Europe.

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By: TOM BRANNA

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Ecolab Inc. reported record fourth quarter earnings as strong new business efforts globally and strong quarter sales growth in its Asia Pacific and Latin American operations, along with a lower tax rate, benefited results. In addition, Ecolab announced said it will restructure its European operations. Ecolab’s reported net sales rose 1% to $1.6 billion in the fourth quarter of 2010; measured in fixed currencies, sales rose 2%. Net income attributable to shareholders increased 13% to a r...

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