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P&G to acquire Thorne in premium wellness play
['Cassandra Stern']
NutraIngredients.com
“As we looked to the future, we kept coming back to one question: What will best position Thorne to continue fulfilling its mission?
We believe P&G is the right partner to help us expand our impact while staying true to the values and standards that have always defined Thorne,” he added.
The acquisition by P&G follows a period of significant growth for Thorne under L Catterton’s ownership.
CNBC also reported that Thorne has sustained a compound annual growth rate of more than 30% since being taken private in 2023.
Speaking to CNBC, Watts said: “Our expectation is this is going to be a billion-dollar brand over the next few years.”