About the Company
The Clorox Company (NYSE: CLX) is a multinational company that manufactures and markets professional and consumer products. It was incorporated in 1913 as Electro-Alkaline Company. It was named after its original bleach product called Clorox, which is a portmanteau of its main ingredients – Chlorine and Sodium Hydroxide. Clorox went public in 1928 on the San Francisco Stock Exchange, which was a regional trading platform at the time. In 1957, Procter & Gamble (P&G) acquired this company and renamed it to The Clorox Company, which became an independent entity in 1969.
CLX stocks trade on the New York Stock Exchange (NYSE).The company has a diverse range of global brands and operates in more than 100 countries across the world. Some of its brands are Clorox Healthcare, Brita, Ever Clean, Dispatch, S.O.S and Burt’s Bees. Its international operations are located in Argentina, China, Canada, Malaysia, South Africa, New Zealand, South Korea, Kenya, Peru, and several other countries. CLX acquired the First Brand Corp in 1998 for a purchase price of $1.52 billion. It continued to expand its businesses and purchased the Burt’s Bees in 2007 for $925 billion. Many other key mergers followed this chain of acquisitions. As of 2020, its latest addition was in 2018, when CLX acquired Nutranext, a leading health and wellness company, for $700 million.
In 2020, the company ranked 474th on the list of Fortune 500 companies in the world. Forbes ranked CLX 1045th on its list of Global 2000 companies. Forbes also recognised CLX as one of the World’s Best Employers, Best Employers for Diversity and Just Companies. The company showed commitment towards ending animal testing globally. It won the United States Environmental Protection Agency’s Safer Choice Partner of the Year Award 2020.;
Organisation | The Clorox Company |
Industry | Household & Personal Products |
HeadQuarters | Oakland, CA |