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Leading cleaning and sanitation products maker,
Ecolab Inc. ( ECL - Analyst Report) has launched its latest Kay Heated Soak Tank Program for quick service restaurants (QSR). The program efficiently removes carbonized soils from cookware items such as pots, pans, and utensils among others. It is a superior substitute for corrosive products that are used in standard cleaning procedures.
The stainless steel tank has a capacity of 40 gallons and can be rolled and placed under countertops or prep tables. The uniqueness of the Kay QSR Heated Soak Tank Concentrate solution lies in the fact that it combines heat with Ecolab’s strong aluminum-safe chemistry, which allows for easier cleaning in much lesser time. Plastic wares or less soiled cookware take about 15 minutes to an hour to be cleaned in the Heated Soak Tank, while highly carbonized utensils take about 72 hours or less to be cleaned (compared to 5 to 6 days in traditional cold soak solution).
Based in St. Paul, Minn., Ecolab serves the foodservice, food and beverage processing, healthcare and hospitality markets. We are encouraged by the company’s efforts in bringing new technologies into the market.
Ecolab’s Global Specialty segment, comprising Kay's global quick service business, grew 13% year over year in terms of constant currencies in the first quarter of 2013. The global quick service sales grew nearly at a double-digit rate in the quarter. Geographically, Asia-Pacific sales benefited from improvement in footfall in the quick service restaurants. Additionally, the U.S. and Latin America recorded solid gains, and Europe experienced modest growth.
Ecolab currently has a Zacks Rank #3 (Hold). Other companies from the basic materials sector such as American Vanguard Corp. ( AVD - Snapshot Report) , OM Group Inc. and Minerals Technologies Inc. ( MTX - Snapshot Report) warrant a look. While AVD and OMG are Zacks Rank #1 (Strong Buy) stocks, MTX carries a Zacks Rank #2 (Buy).