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Ecolab sells China-based phosphonate component business to Italmatch

Ecolab Inc., a provider of water, hygiene and energy services, has sold its phosphonate component business in China to specialty chemicals group Italmatch Chemicals S.p.A..

Ecolab acquired the business in 2015 as part of its deal for a controlling interest in China-based Jianghai Environmental Protection Co. Ltd.

The company said it will retain Jianghai's service and formulated business, which serves China's heavy industry water treatment market.