Ecolab Agrees to Sell Vehicle Care Division to Zep

  Ecolab Agrees to Sell Vehicle Care Division to Zep

Business Wire

ST. PAUL, Minn. -- October 17, 2012

Ecolab Inc. announced it has agreed to sell its Vehicle Care division to Zep
Inc. (NYSE-ZEP) for approximately $120 million in cash. Zep is an Atlanta, GA
based manufacturer and marketer of cleaning and maintenance solutions for
commercial, industrial, institutional and consumer end-markets. Vehicle Care
had 2011 sales of $66 million. Completion of the transaction is subject to
regulatory clearance and other standard closing conditions. No further details
were disclosed.

Douglas M. Baker, Jr., Ecolab’s Chairman and Chief Executive Officer commented
on the announcement, saying, “This sale enables us to sharpen our strategic
focus on our core business areas while assuring Vehicle Care customers will
receive excellent ongoing product and service support from a long-established
provider in the industry. In addition, our Vehicle Care colleagues will be
part of a business in which they will be more closely aligned and have access
to the tools and resources that will support growth; we thank them for their
many contributions and wish them every success in the future.”

With 2011 pro forma sales of $11 billion and more than 40,000 employees,
Ecolab Inc. (NYSE: ECL) is the global leader in water, hygiene and energy
technologies and services that provide and protect clean water, safe food,
abundant energy and healthy environments. Ecolab delivers comprehensive
programs and services tothe food, energy, healthcare, industrial and
hospitality markets in more than 160 countries. More Ecolab news and
information is available at www.ecolab.com.

(ECL-A)

Contact:

Ecolab Inc.
Michael J. Monahan, 651-293-2809
Lisa L. Curran, 651-293-2185