Clorox to acquire a 20% stake in Glad from P&G.

Clorox, a global portfolio of diverse brands, agreed to acquire a 20% stake in Glad, a family of brands specializing in kitchen bags, from P&G, a consumer goods company. Financial terms are not disclosed. "We are excited to assume full control of the Glad business and thank P&G for their productive partnership over the past two decades. Consistent with our IGNITE strategy, we are confident that we will continue to drive profitable growth with strong innovation and superior value going forward, fully leveraging a streamlined operating model and enhanced digital capabilities that allows for greater agility and faster decision making," Linda Rendle, Clorox Chair and CEO.