Clorox to Buy Burt's Bees

Associated Press, 11/1/2007

MORRISVILLE, N.C. (AP) - Clorox Co., looking to expand into the natural beauty products business, said Wednesday it would purchase lip balm maker Burt's Bees for $925 million.

Burt's Bees, which got its start in Maine and is now based in Morrisville, N.C., makes beauty products that contain at least 95 percent natural ingredients…