News
Clorox Divest Operations in Three South American Countries
March 22, 2024The Clorox Co., parent company of CloroxPro™, has announced the sale of certain wholly owned subsidiaries with operations in Argentina, Uruguay, and Paraguay, to private equity fund Apex Capital.
The sale includes two Clorox production plants in Argentina, as well as rights to certain Clorox brands in Argentina, Uruguay and Paraguay and shared intellectual property across those brands. The transaction does not include Clorox’s Latin America research and development and corporate hubs, which will remain in Argentina to support Clorox’s ongoing operations in other Latin American markets. Financial terms of the deal were not disclosed.
“This transaction supports our IGNITE strategy and our commitment to evolve our portfolio to increase our focus on our core business to drive more consistent, profitable growth,” said Linda Rendle, Clorox CEO. “I would like to thank our teammates in Argentina for effectively managing the business in this dynamic operating environment. The new owners share our values and bring proven local operating experience and we believe their focus on maximizing the potential of the business will position it to deliver continued growth that benefits consumers and employees.”
About CloroxPro
Building on a century-long legacy in cleaning and disinfecting, CloroxPro offers some of the industry’s most recognized and trusted brand names for commercial cleaning, including its Clorox Healthcare products and technologies for healthcare facilities. Whether it is schools, offices, restaurants, hotels, hospitals, or other commercial facilities, CloroxPro is committed to meeting the demands of industry professionals. For more information, visit CloroxPro.com.
