P&G expands wellness portfolio with acquisition of supplements maker Thorne

Procter & Gamble (P&G) has agreed to acquire health and wellness solutions maker Thorne from LVMH-backed investment firm L Catterton for USD 3.8 billion in cash. The deal underscores the U.S. consumer goods giant’s growing focus on health and wellness, driven by consumers’ increasing interest in healthier lifestyles and preventive care. Founded in 1984, Thorne supplies consumers, athletes, and healthcare professionals with a comprehensive range of nutritional supplements. “For…

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