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Clorox Announces Sale of Auto Care Business


10/21/2010

 
OAKLAND, Calif. — The Clorox Co. has entered into a definitive agreement to sell its global auto care businesses to an affiliate of Avista Capital Partners in an all-cash transaction.

Included in the transaction are substantially all of Clorox’s global auto care businesses, the majority of which are in the U.S., Australia, Canada and Europe, including worldwide rights to distribute the Armor All and STP brands. As part of the transaction, the buyer will acquire two auto care manufacturing facilities, one in the U.S. and one in the U.K. Employees at these facilities, the auto business management team and other employees affiliated with the global auto care business will transfer to the buyer. Clorox has agreed to provide transition services to the buyer for a period of up to 18 months.














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