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October 1, 2001
By: TOM BRANNA
Editor
The Henkel Group and Ecolab Inc. have agreed to accelerate the combination of the 50% stake in the Henkel-Ecolab joint venture with Ecolab Inc. Closing will be November 30, 2001, the date when Henkel-Ecolab’s fiscal year ends. As announced late last year, the transaction was originally scheduled to close January 2, 2002.Ulrich Lehner, Henkel’s chief executive officer, stated: “We are pleased to complete this transaction even earlier than anticipated. The requirement to better s...
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