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P&G to acquire supplements brand Thorne to expand health business

P&G’s CEO said the deal is intended to grow the company’s health business.

Reported · Written up by our desk · M&A & Deals

Procter and Gamble plans to acquire supplements brand Thorne, according to comments from P&G’s CEO shared with CNBC Markets.

CNBC reports that CEO Shailesh Jejurikar described the acquisition as a move to expand P&G’s health business, aligning the supplements purchase with the company’s broader healthcare strategy.

The interview took place on CNBC’s "Squawk on the Street."

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