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Ecolab Announces Extension of Champion Close Timing



  Ecolab Announces Extension of Champion Close Timing

             Closing presently expected to occur before April 15

Business Wire

ST. PAUL, Minn. -- March 27, 2013

Ecolab Inc. expects the closing of the previously announced acquisition of
Champion Technologies will be delayed beyond March 31 but is expected to occur
before April 15. We continue to have productive discussions with the Antitrust
Division of the U.S. Department of Justice (DOJ) regarding our filing under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) with
respect to the Champion transaction. Discussions with the DOJ have progressed,
and we believe the likely resolution will not meaningfully impact the
strategic value and economics that originally compelled us to make this
acquisition.

While we are confident that we will successfully conclude the transaction, it
remains possible that the transaction will not be completed on the timing
discussed or at all.

A trusted partner at more than one million customer locations, Ecolab (ECL) is
the global leader in water, hygiene and energy technologies and services that
protect people and vital resources. With 2012 sales of $12 billion and 41,000
associates, Ecolab delivers comprehensive solutions and on-site service to
promote safe food, maintain clean environments, optimize water and energy use
and improve operational efficiencies for customers in the food, healthcare,
energy, hospitality and industrial markets in more than 170 countries around
the world. For more Ecolab news and information, visit www.ecolab.com.

Cautionary Statements Regarding Forward-Looking Information

This communication contains statements relating to future events and our
intentions, beliefs, expectations and predictions for the future which are
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Words or phrases such as “will likely result,”
“are expected to,” “will continue,” “is anticipated,” “we believe,” “we
expect,” “estimate,” “project,” “may,” “will,” “intend,” “plan,” “believe,”
“target,” “forecast” (including the negative or variations thereof) or similar
terminology used in connection with any discussion of future plans, actions or
events generally identify forward-looking statements. These forward-looking
statements include, but are not limited to, resolution of issues raised by the
Department of Justice and the expected completion of the Champion acquisition.
These statements are based on the current expectations of management of the
company. There are a number of risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements included in
these communications. These risks and uncertainties include (i) the risk that
the regulatory approvals or clearances required for the Champion acquisition,
including under the HSR Act, may not be obtained, or that required regulatory
approvals may delay the Champion acquisition or result in the imposition of
conditions that could have a material adverse effect on the company or cause
the company to abandon the Champion acquisition, (ii) the risk that the
conditions to the closing of the Champion acquisition may not be satisfied,
(iii) the risk that a material adverse change, event or occurrence may affect
the company or acquired companies prior to the closing of the Champion
acquisition and may delay the Champion acquisition or cause the company to
abandon the Champion acquisition.

Other unknown or unpredictable factors could also have material adverse
effects on future results, performance or achievements of the company,
Champion  and the combined business. For a further discussion of these and
other risks and uncertainties applicable to the company, see the company’s
Annual Report on Form 10-K for the year ended December 31, 2012 and the
company’s subsequent reports filed with the SEC. In light of these risks,
uncertainties, assumptions and factors, the forward-looking events discussed
in this communication may not occur. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
of this communication. The company does not undertake, and expressly
disclaims, any duty to update any forward-looking statement whether as a
result of new information, future events, changes in expectations or
otherwise, except as required by law.

(ECL-C)

Contact:

Ecolab Inc.
Investor Contacts:
Michael Monahan, 651-293-2809
or
Lisa Curran, 651-293-2185
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