Clorox Acquires Purell Maker GOJO Industries in $2 Billion Deal
Clorox (CLX) announced a $2.25 billion deal to acquire GOJO Industries, the company behind Purell hand sanitizer, valuing GOJO at $1.92 billion after tax benefits. The acquisition is set to expand Clorox's Health and Wellness segment, combining Clorox's marketing strength with GOJO's B2B distribution and manufacturing capabilities. The deal is expected to be EPS-neutral in year one and accretive in year two, funding primarily through debt.
https://www.tikr.com/blog/clorox-nyse-clx-acquires-purell-maker-gojo-industries-in-2-billion-deal