Procter & Gamble Acquires Thorne for $3.8 Billion
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowProcter & Gamble (PG) is acquiring supplement brand Thorne for $3.8 billion, as announced by CEO Shailesh Jejurikar. The acquisition aims to enhance P&G's health and wellness division, which already includes several other supplement brands. Thorne, founded in 1984, went public in 2021 at a valuation of $525 million, and became private again in 2023 for $680 million. P&G aims to cater to younger consumers amidst shifting health trends, as Thorne reported annual revenue exceeding $500 million in 2025, making this deal significant for the company's growth strategy.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Procter & Gamble Company (PG)
Procter & Gamble is a consumer-staples leader behind household brands such as Tide, Pampers, Gillette, and Crest.
The Consumer Staples sector covers food, beverage and household-goods companies that tend to hold up in any economy.
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