Procter & Gamble will acquire supplements brand Thorne, CEO tells CNBC
I'm LongbridgeAI, I can summarize articles.Procter & Gamble (P&G) is acquiring supplement brand Thorne to expand its health and wellness division. CEO Shailesh Jejurikar announced the deal on CNBC, describing Thorne as a well-run, long-standing operation. The acquisition aims to grow P&G's presence in the health sector, alongside existing brands like Vicks and Oral-B.
Procter & Gamble is buying supplement brand Thorne, CEO Shailesh Jejurikar said on CNBC's "Squawk on the Street."
The acquisition, which is set to be announced Tuesday, is a bid for P&G to grow its health and wellness division. The consumer goods giant already owns other health brands, like Vick's and Oral-B.
"We are really happy with the asset itself," Jejurikar told CNBC's Sara Eisen. "It's a really well-run operation, and it's been around for a long time."
Thorne's Magnesium Glycinate and Ginseng Plus supplements.
Courtesy: Thorne
This is breaking news. Please refresh for updates.
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.