WASHINGTON (dpa-AFX) - Thursday, The Clorox Co. (CLX) announced the sale of
its wholly owned subsidiaries, known as Clorox Argentina, operating in
Argentina, Uruguay, and Paraguay, to Apex Capital, a private equity fund linked
to Grupo Mariposa, and an investment group led by Diego Barral, former senior
vice president and general manager of International at Clorox. The financial
aspects of the deal were not revealed.

The sale included Clorox Argentina's two production plants, rights to specific
Clorox brands in the aforementioned countries, and shared intellectual property
related to these brands.

Notably, the deal does not encompass Clorox's Latin America research and
development and corporate hubs, which will remain in Argentina to support
Clorox's operations in other Latin American markets and offer transitional
services to Clorox Argentina under its new ownership.

The employees, including production staff, will continue under Clorox Argentina,
and the entity will be renamed as 'Grupo Ayudin.'



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