Clorox Buys Purell, Nestle Water Stake Sale, Crocs x Lego Partnership Announced

Clorox Acquires Gojo Industries

• 💰 Clorox is expanding its consumer health and hygiene portfolio by acquiring Gojo Industries, the maker of Purell hand sanitizer.
• 💸 The deal is valued at $2.25 billion in cash.
• 📈 Gojo Industries reports nearly $800 million in annual sales and has achieved an average growth of 5% over the past three years.

Nestle Water Business Sale

• 💧 Nestle is proceeding with the sale of a stake in its water business, estimated to be worth between $5.8 and $7 billion.
• 🏷️ This business includes well-known brands such as Perrier and Pellegrino.
• 🔄 Nestle initially announced plans in late 2024 to restructure its water division.

Crocs and Lego Collaboration

• 👟 Crocs has entered into a multi-year partnership with the toy company Lego.
• 🎁 The collaboration will feature Lego-shaped footwear and include a Lego mini-figure with four pairs of mini Croc shoes.
• 🌍 These unique shoes will be available globally starting February 16th for $150, which is more than triple the price of standard Crocs.