Procter & Gamble (PG) is expanding its health and wellness portfolio through the acquisition of Thorne for $3.8 billion, according to CEO Shailesh Jejurikar.
Thorne went public in late 2021 at a valuation of $525 million but was taken private by L Catterton in 2023 in a transaction worth $680 million.
Jejurikar described Thorne as 'a really well-run operation, and it's been around for a long time.'
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