OAKLAND, Calif. — The Clorox Co. announced that it has entered into a definitive agreement to acquire GOJO Industries, a leader of skin health and hygiene solutions, for $2.25 billion in cash, including anticipated tax benefits valued at approximately $330 million for a net purchase price of $1.92 billion. Adding Purell to Clorox's portfolio of trusted brands expands Clorox's position in health and hygiene for consumers and institutional end users alike.
Founded in 1946 by Goldie and Jerry Lippman, GOJO has grown to nearly $800 million in annual sales and has a long history of delivering mid–single‑digit growth with a three-year CAGR of 5%. Its portfolio of hand hygiene solutions generates more than 80% of revenue through a broad and stable network of B2B distributors underpinned by roughly 20 million soap and sanitizer dispensers that drive recurring demand. The Purell brand - trusted for safe, effective hygiene - holds the #1 share position in hand sanitizer across both B2B and retail channels.
"GOJO's deep commitment to innovation and delivering superior value in skin hygiene has built Purell into one of the most trusted names in homes, healthcare facilities, schools and businesses around the world – a name that is virtually synonymous with skin hygiene. This strong foundation, coupled with a large installed base and deep relationships in the fast-growing B2B channel has driven decades of consistent performance," said Linda Rendle, chair and chief executive officer of The Clorox Company. "This is a compelling acquisition that evolves our portfolio and scales our fastest growing, most profitable operating segment – Health and Wellness - as we execute our IGNITE strategy to deliver long-term shareholder value."
"This is a momentous day for all of us at GOJO," said Carey Jaros, president and chief executive officer of GOJO Industries. "GOJO and Clorox are united by our shared commitment to make the world a cleaner and healthier place. I have long admired Clorox's ability to create great consumer brands and products that are beloved in households around the world. Clorox brings world-class consumer expertise, and they have the resources to accelerate our growth in retail channels. I'm incredibly excited about what's ahead as we combine our leading brands, talented organizations and complementary capabilities to deliver best-in-class health and hygiene solutions to customers across the world. And I'm proud to carry forward the 80-year legacy of the Lippman Kanfer Family, who founded and led the business for three generations in Northeast Ohio."
