Ecolab Buys Champion Technologies, Jobs May Increase in Field

October 20, 2012   |    PDF version

October 20, 2012 — Pasadena, California

Ecolab recently experienced a 3.98-percent increase in its stock after it agreed to buy Champion Technologies, a chemical company. The deal was valued at $2.2 billion for both cash and stock, which now has increased the company's earnings outlook for the third-quarter. This dramatic increase may very well be a sign that chemistry is emerging as a growing field a trend confirmed by the increase in openings at ChemistryCrossing.com, a site to find jobs.

Champion Technologies was a likely fit for Ecolab, since Champion provides service to the oil and gas industry on a global scale. Though Houston-based, it currently has 3,300 employees and operations in 50 countries. Ecolab, which provides chemical products to a variety of industries including water treatment, food and beverage, energy, healthcare, and food service, is based in St. Paul, Minnesota, and will see an increase of 12 cents per share by 2013 and 50 cents per share by 2016 thanks to this purchase. This is likely to directly affect the number of energy jobs available as well as employment in other industries.

The dramatic buyout may seem like the standard corporate shuffle, but it actually explains a wider growth trend in the field of chemistry. ChemistryCrossing.com, a chemistry jobs website, has shown an increase in job numbers over the past couple of months. The daily average number of job postings on the site in the past four months was 8,257. However, there has been a 5.7 percent increase in listings over the course of three months. As of June 30, the site had 7,930 positions listed but by the end of September, it had 8,417 positions.

“Chemistry appears to be an emerging field, says A. Harrison Barnes, CEO of ChemistryCrossing.com. “We're consistently seeing more available positions each month and that is definitely a positive sign.”

Since Ecolab continues to invest in a variety of areas including energy, water, and food, it will likely be a major job creator in the field and create employment opportunity options in St. Paul and elsewhere.

CONTACT:
Paul Suchecki
ChemistryCrossing
626-243-1814
paul@er.org
https://www.chemistrycrossing.com

About ChemistryCrossing.com

ChemistryCrossing.com is an employment website dedicated to the niche of chemistry. It is based in Pasadena, CA, is owned and operated by A. Harrison Barnes, and is a part of the Employment Research Institute.