The St. Charles-based company expects to have two additional manufacturing plants operating by the end of 2019.
The water and energy company plans to give $25 million to its nonprofit Ecolab Foundation.
Terms of the deal were not disclosed, but Ecolab did admit Cascade had sales last year of approximately $35 million.
Utilities say market forces and new technology, not politics,
have dethroned “King Coal.”
Founded in 1923 as Economics Laboratory, by 2017 Ecolab employed 38,000 workers in over 170 countries.
Baker earned the recognition for his work growing Ecolab and the state’s economy.
The Wayzata-based company already operates biodiesel plants in the nearby states of Iowa and Missouri.
He succeeds Carl Casale, who led the company through record sales and earnings growth.
Less than a year and a half ago, the company raised $25 million from investors.