P&G to Acquire Thorne for $3.8 Billion; CEO Says "Pleased with the Asset"
PG Procter & Gamble Co
$153.04 -0.10%
View chart & analysis → - 1Procter & Gamble (PG) is acquiring Thorne for $3.8 billion to strengthen its health and wellness portfolio.
- 2Thorne makes daily supplements such as nutrition capsules and electrolyte packs, posting $500 million in revenue last year, with customers under 40 as its largest demographic.
- 3CEO Jefferies said she is very pleased with the asset, describing it as a well-run, long-established business.
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