CLOROX acquisition history

GOJO Industries, founded in 1946 by Goldie and Jerry Lippman, is the maker of Purell, the No. 1 share brand in hand sanitizer across both B2B and retail channels. GOJO has grown to nearly $800 million in annual sales with a three-year revenue CAGR of about 5%. More than 80% of its revenue comes through a broad, stable network of B2B distributors, underpinned by roughly 20 million soap and sanitizer dispensers that drive recurring demand. $2.25 billion (including anticipated tax benefits of approximately $330 million; net purchase price approximately $1.92 billion).

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.Linda Rendle — Chair and Chief Executive Officer, The Clorox Company

Founded in 1984, Burt's Bees is the leading natural personal care brand in the U.S. and is regarded among many consumers of natural personal care products as the 'most natural' personal care brand. The acquisition gave Clorox entry into the highly fragmented U.S. natural personal care market, which at the time represented about $6.4 billion in sales and was growing at about 9 percent annually. approximately $925 million (net of an additional $25 million payment for anticipated tax benefits).

This acquisition allows us to enter a growing market that's consistent with consumer megatrends. With this transaction, we're entering into a new strategic phase for our company, enabling us to expand further into the natural/sustainable business platform. The Burt's Bees brand is well-anchored in sustainability and health and wellness, and we believe it will benefit from natural and 'green' tailwinds.Donald R. Knauss — Chairman and CEO, The Clorox Company

Burt's Bees is a compelling strategic fit for us, and we believe we can expand on its strong trends over time to build even greater value.Beth Springer — Executive Vice President - Strategy & Growth, The Clorox Company

Renew Life is a leading brand in dietary health with an emphasis on digestive health and is the No. 1 brand of probiotics in the natural channel, with a growing share in the food, drug and mass channels. In calendar year 2015 Renew Life generated sales of about $115 million with gross margins generally in line with the Clorox Company average. Clorox acquired the business from Swander Pace Capital and other shareholders. approximately $290 million in cash (subject to post-closing adjustments; about 2.5x sales).

For more than 100 years, the Clorox portfolio has been firmly rooted in health and wellness, first through the disinfecting properties of bleach, and later extending into Brita and Burt's Bees to meet the needs of health conscious consumers. The Renew Life acquisition is consistent with our strategy to accelerate growth through bolt-on acquisitions of leading brands into fast-growing categories with attractive margins.Benno Dorer — Chief Executive Officer, The Clorox Company

Nutranext is a health and wellness company based in Sunrise, Florida that manufactures and markets leading dietary supplement brands across retail, e-commerce and direct-to-consumer channels. Brands include Rainbow Light multivitamins (No. 2 vitamin brand in the natural channel), Natural Vitality specialty minerals (No. 1 anti-stress and sleep brand in the natural channel), NeoCell hair/skin/nails supplements, and the direct-to-consumer Stop Aging Now brand. About 90 percent of Nutranext sales are in the U.S. In calendar year 2017 Nutranext generated sales of about $200 million. $700 million (about 3.5x calendar year 2017 sales).

Adding Nutranext to our portfolio is consistent with our strategy to accelerate growth through acquisitions of leading brands in fast-growing categories with attractive gross margins and a focus on health and wellness. We're looking forward to leveraging our proven capabilities in brand building, including innovation and digital marketing, as well as strong partnerships in retail and e-commerce to accelerate growth of Nutranext brands.Benno Dorer — Chairman and CEO, The Clorox Company

I am excited Nutranext is joining the Clorox family, a company distinguished by its innovation and like-minded mission of developing products that enhance the lives of consumers every day. I am confident that with Clorox, Nutranext brands are well positioned for the next phase of growth.Jose Minski — Founder and CEO, Nutranext