P&G to buy supplements brand Thorne in health push
What's the deal?
Procter & Gamble will acquire supplements brand Thorne , chief executive officer Shailesh Jejurikar confirmed. The consumer goods giant disclosed the deal alongside its quarterly earnings.
What's the endgame?
Thorne sells nutritional supplements, adding a health and wellness line to P&G's portfolio of household and personal care brands.
The signal:
The acquisition signals P&G's push deeper into the supplements market, extending its reach beyond its traditional consumer staples.
Read more: CNBC
Image credit: shannonkringen
Source: dealroom
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