The Clorox (CLX) announced the completion of its previously announced acquisition of GOJO Industries, expanding Clorox’s product portfolio to include the Purell brand and GOJO’s health and hygiene solutions. The combination brings together two companies with a shared commitment to making the world cleaner and healthier, leveraging complementary consumer brand-building expertise and B2B capabilities to deliver a more comprehensive product offering and both near- and long-term strategic value to Clorox. The GOJO business, now known as Clorox Purell, will be led by 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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLX:
- Clorox price target lowered to $98 from $111 at TD Cowen
- Clorox price target lowered to $101 from $112 at Deutsche Bank
- Clorox Secures New Credit Facilities for GOJO Acquisition
- Clorox: Margin Recovery Achieved but Ambitious Growth Targets Keep Rating at Hold
- Clorox price target raised to $124 from $112 at BofA
