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P&G Acquires Thorne Supplements
4 Aug
Summary
- Procter & Gamble is set to acquire Thorne, a maker of supplements.
- The acquisition price is considered good for Thorne's growth rates.
- Thorne was previously valued up to $4 billion in June.
Consumer goods giant Procter & Gamble is reportedly set to acquire Thorne, a well-regarded supplements maker. The announcement is expected on Tuesday, according to P&G CEO Shailesh Jejurikar.
Jejurikar indicated that the agreed-upon price for Thorne is advantageous, considering the company's strong growth trajectory and its alignment with current industry valuations. This acquisition marks a significant move for P&G in the rapidly expanding health and wellness market.
Previously, in June, Thorne was the subject of acquisition interest from Haleon, a UK-based consumer health firm. Reports at the time suggested Thorne's valuation could reach as high as $4 billion, underscoring its substantial market appeal and potential.
