Ecolab Inc. (St. Paul, Minn.) announced both the successful completion of its split-off exchange offer for Ecolab common stock in connection with the previously announced separation of its Upstream Energy business (the ChampionX Business) and the closing of the merger of ChampionX Holding Inc. (ChampionX), the Ecolab subsidiary holding the ChampionX Business, with a subsidiary of Apergy Corporation (Apergy).
The closing of the merger followed the expiration of the exchange offer and the satisfaction of certain other conditions. The combined company formed by uniting Apergy with ChampionX will be named ChampionX Corporation and will be traded on the New York Stock Exchange under the ticker symbol CHX.