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Burt’s Bees sold to Clorox PDF Print
Wednesday, 31 October 2007 19:33
A High Country favorite, North Carolina-based company Burt’s Bees is being sold to household goods giant Clorox for $925 million. 
Clorox, manufacturer of its namesake bleach as well as Brita water filters, made the announcement yesterday. Burt’s Bees has a line of over 150 natural beauty products, sold at local stores like Mast General Store and Earth Fare. Burt’s Bees officials hope the partnership will help the company expand internationally. Burt’s Bees plans to remain semi-independent form Clorox. The Mooresville-based company will sell about $170 million worth of its products in 2007. The all-cash deal seems a bit much to some, including Bank of America Securities analyst April Scee who, according to the Associated Press, wrote in a note to investors that, while Burt’s Bees is a “great brand,” Clorox might have overpaid.
  
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