The Clorox Company Sells Aplicare to Medline Industries

Logo

The Clorox Company Sells Aplicare to Medline Industries

PR Newswire

OAKLAND, Calif., Aug. 22, 2017 /PRNewswire/ – The Clorox Company (NYSE: CLX) announced today that it has sold the Aplicare skin antisepsis business to Medline Industries, the leading privately-held manufacturer and distributor of health care supplies in the U.S. The transaction closed on Aug. 21.

“Selling Aplicare, which was part of our Professional Products business, was the result of our periodic strategic assessment of our global portfolio,” said Clorox Chairman and CEO Benno Dorer. “We are very pleased that, in Medline, we’ve found a buyer that has strong capabilities and can add significant value to the Aplicare business.”

Dorer added, “Importantly, this doesn’t change the strategic focus of our Professional Products business, which continues to be stopping the spread of infection, with an emphasis on killing pathogens in the environment.”

As communicated in the company’s fiscal year 2017 SEC filings, Clorox had been exploring strategic alternatives for Aplicare. Clorox’s Form 10-K filing on Aug. 15 reported that for fiscal year 2017, which ended June 30, 2017, the Aplicare business had $46 million in net sales, representing slightly less than 1 percent of total company sales, and insignificant net earnings.

Clorox will provide an updated fiscal year 2018 outlook during its first-quarter fiscal year 2018 earnings call on Nov. 1.

The Clorox Company
The Clorox Company (NYSE: CLX) is a leading multinational manufacturer and marketer of consumer and professional products with more than 8,000 employees worldwide and fiscal year 2017 sales of $6 billion. Clorox markets some of the most trusted and recognized consumer brand names, including its namesake bleach and cleaning products; Pine-Sol® cleaners; Liquid Plumr® clog removers; Poett® home care products; Fresh Step® cat litter; Glad® bags, wraps and containers; Kingsford® charcoal; Hidden Valley® dressings and sauces; Brita® water-filtration products; Burt’s Bees® natural personal care products; and RenewLife® digestive health products. The company also markets brands for professional services, including Clorox Healthcare® and Clorox Commercial Solutions®. More than 80 percent of the company’s sales are generated from brands that hold the No. 1 or No. 2 market share positions in their categories.

Clorox is a signatory of the United Nations Global Compact, a community of global leaders committed to sustainability. The company also has been broadly recognized for its corporate responsibility efforts, most notably receiving a Safer Choice Partner of the Year Award in 2016 and 2017 from the U.S. Environmental Protection Agency as well as being named to CR Magazine’s 2017 Best Corporate Citizens list and included in the 2016 Newsweek Green Rankings. The Clorox Company and its foundations contributed about $11 million in combined cash grants, product donations and cause marketing in fiscal year 2017. For more information, visit TheCloroxCompany.com, including the Good Growth blog, and follow the company on Twitter at @CloroxCo.

The Clorox Company Logo

 

View original content with multimedia:http://www.prnewswire.com/news-releases/the-clorox-company-sells-aplicare-to-medline-industries-300507311.html

SOURCE The Clorox Company

Momenta Partners expands Silicon Valley Leadership, Names Danny Yu as Partner

Zurich, Switzerland (PRWEB) August 22, 2017

Momenta Partners, a global advisory, executive search, M&A and ventures firm focused on driving growth in Connected Industry companies, announced that Danny Yu, former CEO of Daintree Networks, has been named Partner – Silicon Valley and Western US.

Danny Yu brings deep Connected Industry experience as a pioneering entrepreneur, global corporate executive, and senior venture capitalist with 25 years of experience in business creation, revenue growth, and shareholder value creation. Most recently, Danny was President and CEO of Daintree Networks (now GE), a Connected Industry leader in smart building control, sensing, and enterprise IoT application software. Earlier, he was a Vice President of strategic marketing, business development, and sales at Philips Lumileds, Managing Director at VantagePoint Venture Partners, and Partner at DynaFund Ventures. Danny is passionate about creating high-value solutions and building businesses that achieve mass scale.

Ken Forster, Managing Director from Momenta Partners, states: “Momenta Partners are deep practitioners in the Industrial Internet of Things (IoT), using our industry insights to help our clients secure key leadership, buy and sell strategic assets and make sustaining investments in the Connected Industry. Danny Yu has been at the forefront of the IoT and brings deep bench-strength across all our practice areas.”

Danny will lead Momenta’s expansion in Silicon Valley and the Western US, with an initial focus on our industry-leading Executive Search.

“Joining Momenta Partners provides me a great opportunity to address the burgeoning need for high value-add services for the Industrial Internet of Things across essential vertical markets,” said Danny Yu. “I am pleased to be part of the team of deep practitioners and seasoned advisors delivering this breadth of capability to clients and the broader industry”.

"Momenta Partners Executive Search practice has experienced year-over-year growth and we are thrilled to have Danny join us at this exciting time," adds Jonathan Moulton, Managing Partner, Executive Search. "Our clients include some of Silicon Valley’s most innovative start-ups to Fortune 1000's and Danny's track record and deep domain experience will add significant value, helping them increase their competitive positioning through exceptional Connected Industry and IoT leadership".

About Momenta Partners

Momenta Partners are Connected Industry Growth Partners, providing highly-focused growth services for companies in Telemetry, Industrial Automation, RFID, M2M and IoT. We deploy our industry-leading Strategic Advisory, Executive Search, M&A and Venture Capital practices to accelerate the growth of, and provide optionality for Connected Industry companies. For more information, visit http://www.momenta.partners, join the @MomentaPartners conversation or contact info(at)momenta(dot)partners.

Read the full story at http://www.prweb.com/releases/2017/08/prweb14618229.htm

ANEXIO Acquires Net Data Centers Assets

Logo

ANEXIO Acquires Net Data Centers Assets

Deal Doubles Customer Size as More Businesses Accelerate Hybrid Cloud Adoption

PR Newswire

RALEIGH, N.C., Aug. 22, 2017 /PRNewswire/ – ANEXIO, the leading “Desktop to Data Center” infrastructure-as-a-service company, today announced it has acquired the assets of Net Data Centers. Net Data Centers is a privately held company headquartered in Los Angeles that delivers tailored, enterprise-grade cloud and data center solutions for businesses around the world. This is ANEXIO’s fifth acquisition in four years and it is immediately accretive and cash flow positive to the company’s bottom line. ANEXIO, recently named to the Inc. 500 list of America’s fastest-growing privately held companies, has recorded a compounded annual growth rate over the last three years of 127 percent.

This transaction increases ANEXIO’s customer base to almost 200 customers; adds 3 megawatts of critical data center power capacity to the company’s arsenal; broadens the company’s market reach by adding two Los Angeles facilities; strengthens the company’s LightSpeed network density by integrating over 100 additional interconnections; and accelerates strategic relationships with some of the most transformational business leaders in the Media & Entertainment industry.

“Hello, Los Angeles!” said Tony Pompliano, ANEXIO President and CEO. “On behalf of every ANEXIO employee, we say welcome aboard to all Net Data Centers customers, partners and employees. The first thing you need to know about ANEXIO is that we live to serve our customers. Customer satisfaction fuels everything we do. You have my promise that we will do everything possible to make your transition from Net Data Centers to ANEXIO very simple and very smooth.”

ANEXIO was founded in 1996 and the company’s mission critical infrastructure strategy is anchored by eight Tier III SOC-2 certified data centers, an IT solutions center and a nationwide IP network. ANEXIO’s highly customized services are built to leverage the latest innovations in desktop to data center infrastructure as the company helps customers transform with complete confidence from their legacy IT environments to a more efficient Hybrid Cloud infrastructure solution.

ABOUT ANEXIO

ANEXIO is transforming the IT industry with Desktop to Data Center solutions designed specifically for customers seeking a smooth transition from legacy IT environments to a more efficient Hybrid Cloud infrastructure. The company’s Mission Critical Infrastructure strategy is anchored by eight Tier III SOC-2 certified data centers, an IT solutions center and a nationwide IP Network. ANEXIO’s offerings include colocation, networking, Cloud services, storage, disaster recovery, Managed IT, and Managed VoIP. Every ANEXIO product and service is backed up by United States-based customer support. Visit www.anexio.com for more information.

Amy Laukka 
(919) 802-4304
alaukka@boltpr.com

 

View original content with multimedia:http://www.prnewswire.com/news-releases/anexio-acquires-net-data-centers-assets-300507432.html

SOURCE ANEXIO