NYSE:PGHousehold Products
P&G Buys Wonderbelly To Support Digestive Health And Margin Mix
Procter & Gamble (NYSE:PG) is acquiring Wonderbelly, a "free from" digestive wellness brand, to broaden its Personal Health Care lineup.
The deal adds a clean label, consumer focused product range to P&G's portfolio in the digestive health category.
Procter & Gamble, trading at around $149.9 per share, is extending its reach further into consumer health with Wonderbelly. The company brings this new brand into a portfolio that has seen returns of 13.8% over 3 years and 31.8% over 5 years,...