Cherry Tree advises EXL Laboratories on its sale to Ecolab

Ecolab Inc. acquired the dairy hygiene chemical businesses of EXL Laboratories and Hypred Canada, sold under the brands A&L Laboratories, ANFO and Aspen. EXL Laboratories manufactures, markets and sells teat dips, milk house cleaners and sanitizers, and other hygiene products primarily for use on dairy farms in the U.S. and Canada. Revenues are approximately $25 million. No other details were announced.

“This purchase strengthens our North American dairy agricultural hygiene business, and represents our commitment to this important market,” said Jill Wyant, Ecolab executive vice president and president, Global Food & Beverage. “We look forward to having the sales and service teams join us and a seamless integration for our customers.”

Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.