Private equity group acquires Ondeo Nalco Company

By | December 09, 2003
The Blackstone Group, Apollo Management LP and Goldman Sachs Capital Partners collaborated to purchase Ondeo Nalco Company of Suez, South America. The private equity group offered $4.2 billion for the company in September. The sale became final on Nov. 5.

Ondeo Nalco Company was officially renamed Nalco Company under the acquisition. Nalco has been a leading provider of integrated water treatment and process improvement services, chemicals and equipment programs for 75 years. The company currently serves more than 60,000 customer locations worldwide.