Story
Procter & Gamble to Acquire Supplements Maker Thorne in Health Market Push
Consumer goods giant Procter & Gamble (NYSE:PG) will acquire supplements manufacturer Thorne, P&G CEO Shailesh Jejurikar confirmed in a Tuesday interview with CNBC. The acquisition marks a significant strategic move for the company, pushing it further into the high-growth health and wellness market.
Deal Valuation and Terms
While the specific financial terms of the deal were not disclosed, Jejurikar stated the acquisition price is favorable. "What I can say is the price is a good price for the growth rates they have. It’s kind of in line with the industry benchmarks we’ve seen," he told CNBC.
A June report from the Financial Times had valued Thorne at up to $4 billion. The final acquisition price has not yet been made public.
AdStrategic Context
The move to acquire Thorne allows Procter & Gamble to diversify its extensive portfolio of consumer brands into the lucrative supplements category. The health and wellness sector has seen sustained investor interest, and Thorne was reportedly a competitive asset.
According to a Reuters report from June, UK-based consumer health company Haleon (NYSE:HLN) was also in the bidding process for Thorne. P&G's successful acquisition positions it to compete more directly in the personal health and vitamins space.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.