Boston, MA 09/08/2014 (wallstreetpr) – According to reports, the management of Ecolab Inc. (NYSE:ECL) is trying hard to study baby-boomers for organizational growth. The results that they have got are very motivating. There are around 76 million baby boomers in the country as of now and 10,000 baby-boomers out of them turn 65 every day. As per the data revealed by the company, it will continue to happen till 2029. A lot of baby-boomers are retiring every day and selling their houses to upscale for high qualities amenities. In amidst of everything, they are doing things in an unsystematic way which is a good opportunity for Ecolab Inc. (NYSE:ECL), which specializes in making of detergents, sanitizers and disinfectants.
Management Call:
The management of Ecolab Inc. (NYSE:ECL) thinks that the company can grow impeccably in senior citizen arena. According to Leah Larson, Marketing Director of long-term care at ECL, “We have served the long-term-care industry in the past for a very long term, and we think that it is growing with time.” She also thinks that with the growth of the industry, the scope for ECL has increased significantly.
According to market research report, The U.S. market for sanitizing and cleaning in U.S. long-term care centers amounts close to $600 million in today’s time. The pace of growth will increase in the future and by year 2025 it will cross $1 billion mark easily. Larson thinks that the future belongs to aging population, which creates extra opportunities for companies like Ecolab Inc. (NYSE:ECL). She believes that the future trend and current market conditions both support $4.2 billion institutional division of ECL in a positive way. The company has been working actively to supply contracts with 50% of total 30,000 senior living communities of the country. All the contracts provided by ECL vary from assisted-living to independent-living apartments, rehab centers, memory care and even hospice units.
