The Clorox Company has agreed to buy Gojo Industries, maker of hand sanitiser brand Purell, for US$2.25 billion.
Founded in 1946 by Goldie and Jerry Lippman, Gojo boasts nearly $800 million in annual sales and a three-year CAGR of 5 per cent. Its portfolio of hand hygiene solutions generates more than 80 per cent of sales, with the Purell brand holding the biggest share in the hand sanitiser segment across both B2B and retail channels.
The transaction includes a purchase price of $1.92 billion and anticipated tax benefits of approximately $330 million. Clorox plans to fund it primarily through debt financing.
Clorox said the deal would expand its position in health and hygiene and expects it to generate at least $50 million in run-rate cost synergies.
“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,” said Linda Rendle, chair and CEO of Clorox.
Carey Jaros, president and CEO of Gojo Industries, added: “I’m incredibly excited about what’s ahead as we combine our leading brands, talented organisations and complementary capabilities to deliver best-in-class health and hygiene solutions to customers across the world.”
The transaction is expected to be completed before the end of Clorox’s FY26, on June 30, subject to regulatory approval and other customary closing conditions.
Founded in 1913 and headquartered in Oakland, California, The Clorox Company owns brands including Brita, Burt’s Bees, Clorox, Fresh Step, Glad, Chux, Clorinda and Poett, among others.
- Further reading: Clorox Australia fined $8.25 million for Glad greenwashing.
