Purell Maker GOJO Industries Explores Potential Sale, Sources Say

Reuters reports that GOJO Industries, the manufacturer of Purell hand sanitizer, is considering strategic options, including a potential full sale of the company or the divestiture of a minority stake. Sources close to the matter suggest that any transaction would likely value the privately-held firm at approximately $2 billion. GOJO Industries is reportedly engaged in discussions with private equity firms and has enlisted the services of investment bank Harris Williams to manage this process. This exploration follows a similar initiative in 2023, during which GOJO received offers but ultimately chose to refinance its debt. The sources also indicated that while hand sanitizer sales surged significantly during the COVID-19 pandemic, the company's financial performance has since stabilized.