Clorox Closes on GOJO Acquisition |
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| Contributed by BSM Staff | |
OAKLAND, CA -- The Clorox Company has completed its acquisition of GOJO Industries, expanding its product portfolio to include the Purell brand and other health and hygiene solutions. The deal is for $2.25 billion in cash, including anticipated tax benefits of approximately $330 million, or a net purchase price of $1.92 billion. “Today marks an important milestone as GOJO officially joins The Clorox Company,” said Linda Rendle, chair and CEO of Clorox. “GOJO has incredible strength in the marketplace, and we are looking forward to coming together to thoughtfully grow the business. We see strong opportunity ahead as we bring together our leading brands, talented organizations and complementary capabilities to deliver best-in-class health and hygiene solutions to consumers and institutional end users alike.” The GOJO business, now known as Clorox Purell, will be led by GOJO’s president, Carey Jaros, and will continue to be based out of its headquarters in Akron, Ohio with its current facilities remaining in Ashland, Cuyahoga Falls and Wooster, Ohio. “We could not be more excited to officially join The Clorox Company and realize the opportunity to exponentially scale our impact in the world,” she said. “Together, we’ll set new standards for health and hygiene and bring well-being to more people everywhere, creating long-term value with and for our partners and customers. For more information, go to thecloroxcompany.com. |
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