Clorox Divests Better Health VMS Business

By Bobby Samwell • Wednesday, September 11 15:20 • Permanent Link

Clorox Company (NYSE: CLX) has recently completed the divestiture of its Better Health Vitamins, Minerals and Supplements (VMS) business, including the Natural Vitality, NeoCell, Rainbow Light, and RenewLife brands, to an affiliate of Piping Rock Health Products, LLC. The transaction is part of Clorox's strategy to evolve its portfolio, reduce volatility, accelerate sales growth, and structurally improve its margins.

In the press release, specific financial metrics or changes in the company's performance were not provided. The market has reacted to these announcements by moving the company's shares -1.8% to a price of $164.02. For more information, read the company's full 8-K submission here.

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