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Procter & Gamble to acquire supplements maker Thorne

Created at 4 Aug · 3:51 PM1 source↑ Market-relevant
IN SHORT

Procter & Gamble is set to acquire supplements maker Thorne, according to an interview with P&G CEO Shailesh Jejurikar. The deal's price is considered good for Thorne's growth rates and aligns with industry benchmarks.

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Key Numbers

$4 billionThorne valuation in June

Who's Involved

Procter & Gamble
Acquiring company
Thorne
Supplements maker being acquired
Shailesh Jejurikar
CEO of Procter & Gamble
Haleon
Consumer health company that was bidding for Thorne
Procter & Gamble to acquire supplements maker Thorne

↳ Why This Matters

The acquisition signals Procter & Gamble's strategic move into the growing supplements market, potentially enhancing its consumer health portfolio and tapping into discretionary spending trends.

Key facts

  • Procter & Gamble is acquiring supplements maker Thorne.
  • P&G CEO Shailesh Jejurikar confirmed the acquisition to CNBC.
  • The acquisition price is considered favorable given Thorne's growth rates and industry benchmarks.
  • Thorne was previously a target for Haleon.
  • Thorne's valuation was reported to be up to $4 billion.

Procter & Gamble is set to announce the acquisition of supplements maker Thorne, according to an interview with P&G CEO Shailesh Jejurikar. Jejurikar told CNBC that the price is favorable for Thorne's growth rates and aligns with industry benchmarks.

Reuters reported in June that UK-based consumer health company Haleon was also bidding for Thorne. The supplements maker was valued at up to $4 billion at that time, according to a Financial Times report.

Last week, P&G forecast slower annual sales growth, despite strong results from its beauty and wellness division, which benefited from consumer spending on discretionary self-care products.

Frequently asked questions

Procter & Gamble is acquiring Thorne.

Thorne is a supplements maker.

Thorne was valued at up to $4 billion in June.

Yes, Haleon was reportedly bidding for Thorne in June.

What Happens Next

01Procter & Gamble to officially announce the acquisition on Tuesday.

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Cadence

How It Developed

Procter & Gamble will announce the acquisition of Thorne on Tuesday.
P&G CEO Shailesh Jejurikar stated the acquisition price is good for Thorne's growth rates and in line with industry benchmarks.
Haleon had previously been bidding for Thorne.
Thorne was valued at up to $4 billion in June.

Sources

T1
P&G is acquiring supplements maker Thorne, CEO Jejurikar tells CNBCReuters
T2
Procter & Gamble replaces CEO Moeller with COO and long-time executive Jejurikarcnbc.com
T2
Thorne reaches $500M in revenue after L Catterton take privatecnbc.com

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