The Clorox Co. (NYSE: CLX) acquired probiotics maker Renew Life Holdings Corp. from Swander Pace Capital for about $290 million in cash, as the company focuses its portfolio on health products.

Renew Life, located in Clearwater, Florida, produces health care supplements that are designed to help with digestive disorders. The target is known for its Ultimate Flora brand. According to Oakland, California-based Clorox, two-thirds of the U.S. adult population has experienced digestive issues in the past 12 months, adding that number will likely increase due to dietary habits.

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