FMCG giant P&G acquires wellness company Throne - Grocery Gazette - Latest Grocery Industry News
P&G has announced the acquisition of wellness company Thorne, which offers supplements and personalised health solutions. This acquisition is part of a business strategy to meet growing consumer demand and. . .
P&G has announced the acquisition of wellness company Thorne, which offers supplements and personalised health solutions. This acquisition is part of a business strategy to meet growing consumer demand and interest in self-care, prevention and personalised wellness. P&G is the parent company of a range of popular FMCG brands, including Pampers, Tide, Ariel and Always. The move expands the company’s overall health care portfolio, and the brand has a strong reputation with consumers and professional partners, according to the business. Paul Gama, CEO of health care atP&Gsaid: “Thorne has built a highly trusted brand at the forefront of personalised health. “Together, we see an opportunity to bring Thorne’s science-backed wellness solutions to more consumers while continuing to build on the quality, credibility and innovation that have made the brand successful. ”Subscribe to Grocery Gazette for freeSign up here to get the latest grocery and food newseach morningThis transaction is expected to be closed later in calendar year 2026, subject to customary closing conditions and the financial details remain undisclosed. The announcement comes after the business recently posted solid full-year results despiteunexpected headwindsfor the company. During the full year, organic sales increased by more than 1 per cent, and growth was broad-based across categories and regions. The company’snet salesincreased by 3 per cent to around £64. 6bn, which was due to favourable foreign exchange impacts and a one per cent increase from higher pricing.