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Clorox Closes GOJO Acquisition, Strengthens Position in Hygiene Solutions

The Clorox Company (NYSE:CLX) is included among the 15 Best Consistent Dividend Stocks to Buy Right Now.

On April 1, The Clorox Company (NYSE:CLX) announced that it had completed its previously announced acquisition of GOJO Industries. The deal adds the Purell brand and GOJO’s health and hygiene solutions to Clorox’s portfolio. The company said the combination brings together two businesses with a shared focus on making the world cleaner and healthier. It also pointed to complementary strengths in consumer brand building and B2B capabilities, which are expected to support a broader product offering and create both near- and long-term strategic value.

Linda Rendle, chair and CEO of The Clorox Company, made the following statement:

“Today marks an important milestone as GOJO officially joins The Clorox Company. GOJO has incredible strength in the marketplace, and we are looking forward to coming together to thoughtfully grow the business. We see strong opportunity ahead as we bring together our leading brands, talented organizations and complementary capabilities to deliver best-in-class health and hygiene solutions to consumers and institutional end users alike.”

The GOJO business will now operate as Clorox Purell. It will be led by President Carey Jaros and will remain headquartered in Akron, Ohio. Its existing facilities in Ashland, Cuyahoga Falls, and Wooster, Ohio, will continue to operate.

The Clorox Company (NYSE:CLX) is a multinational manufacturer and marketer of consumer and professional products. Its portfolio includes brands such as Brita, Burt’s Bees, Clorox, Fresh Step, Glad, Hidden Valley, Kingsford, Liquid-Plumr, Pine-Sol, and Purell, along with international brands like Chux, Clorinda, and Poett. The company operates across Health and Wellness, Household, Lifestyle, and International segments.

While we acknowledge the risk and potential of CLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CLX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Cheapest Stocks with Highest Dividends and 14 Cheap DRIP Stocks to Buy Now

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