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Market News

02Nov2007
 

Clorox Co. Buys Burt's Bees

Clorox Co. has purchased beauty product manufacturer Burt's Bees for US$925 million. Burt's Bees, a North Carolina-based company, manufactures beauty products that contain a least 95% natural ingredients. The purchase is part of the Clorox strategy to expand into the natural beauty products industry. Source: Canadian Grocer E-Newsletter, November 2, 2007