Ecolab Inc (NYSE:ECL)
$ 232.95 1.05 (0.45%) Market Cap: 66.52 Bil Enterprise Value: 73.85 Bil PE Ratio: 43.14 PB Ratio: 8.12 GF Score: 82/100

Apergy Corp to Combine With Ecolab Inc - M&A Call Transcript

Dec 19, 2019 / 01:30PM GMT
Release Date Price: $191.78 (+3.28%)
Operator

Good morning. Welcome to Apergy's call to discuss the transaction announced today by Apergy and ChampionX, the Upstream Energy business of Ecolab. Your host for this morning's call is David Skipper, Vice President and Treasurer at Apergy. I will now turn the call over to Mr. Skipper. You may begin.

David Skipper
Apergy Corporation - VP & Treasurer

Thank you, Vanessa. Good morning, everyone. This morning, both Apergy and Ecolab announced their intent to combine Apergy with Ecolab's Upstream Energy business to be renamed ChampionX, following ChampionX' spin-off from Ecolab. Joining me this morning are Soma Somasundaram, President and CEO of Apergy; Jay Nutt, Senior Vice President and CFO of Apergy; as well as Deric Bryant, Executive Vice President and President of Ecolab's Upstream Energy business.

During today's call, Soma will discuss the transaction overview, strategic rationale and the benefits of the transaction. Deric will discuss the key aspects of the ChampionX business. Jay will then discuss the financial profile of the new company and

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