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OAKLAND, Calif. — Clorox will sell the division that makes car-care brands such as Armor All and STP to a private-equity firm for $780 million in cash. The company said Tuesday that Avista Capital Partners will get the well-known brands, sold primarily in the U.S., Australia, Canada and Europe.
Clorox said in May it would focus on its namesake cleaning products as well as Fresh Step cat litter, Kingsford charcoal and Hidden Valley Ranch salad dressing.
The deal is subject to regulatory and other approvals and is expected to close by year-end. It includes two plants, one in Painesville, Ohio, with 70 employees, and one in Wales in the U.K., with 24 workers. Overall, about 160 employees are affected by the sale. The Associated Press
