Ecolab Inc. continued its buying spree, this time acquiring a small, New York-based water-treatment firm named Cascade Water Services Inc.
Company officials on Wednesday did not disclose terms of the deal.
Privately held Cascade provides water-treatment services to U.S. institutional customers mostly in New York and Florida. It has annual sales of about $35 million and will become part of Ecolab's growing water division.
The deal, the latest of several small purchases Ecolab has made during the past two years, expands Ecolab's traditional service and filtration business model. It also steers clear of the recently volatile oil and gas industry, which Ecolab entered in a big way via significant acquisitions in 2011 and 2013.
Ecolab officials said Cascade should be a good fit.
Ecolab already offers sizable water-processing services to paper, food, beverage, power and mining companies and to factories and large commercial buildings. Cascade treats water used in large commercial boiler and cooling systems and uses remote-monitoring technology to track data and alert building engineers to possible problems or service needs.
"Cascade's people and technologies complement Ecolab's existing water business well and will enable us to provide their customers our broader range of water-treatment services to support their growth and success," said Michael Johannsen, executive vice president and general manager of Ecolab's Nalco Water Global Light Industries & Water Services.
Demands for more sophisticated water filtration are growing, he said.