St. Paul-based water and energy company Ecolab on Thursday announced that it has reached an agreement to acquire CID Lines, a Belgium-based company that provides livestock hygiene products.
CID Lines serves more than 300,000 farms in over 100 countries. Its 2019 sales totaled about $113 million, according to an Ecolab news release.
The deal gives Ecolab “a foothold in the growing livestock and poultry biosecurity segment,” according to Nick Alfano, Ecolab executive vice president and general manager of the Ecolab’s Global Food & Beverage division.
Alfano cited CID Lines’ farming regulatory expertise among the reasons for the purchase.
He added that CID Lines gives Ecolab “opportunities to leverage our global presence to drive expansion, particularly in Asia where this segment is rapidly developing.”
Increased herd and flock sizes, reduced use of antibiotics, and more stringent regulations have all contributed to a rise in demand for new products aimed at prevent diseases among farm animals, according to Ecolab.
The deal is Ecolab’s fourth acquisition in a little over a year. Most recently, it acquired Georgia-based cleaning products company Chemstar Corp.
The CID Lines acquisition is expected to close in the 2020’s second quarter, pending regulatory procedures. The companies will operate separately until the transaction is completed.