The Procter & Gamble Company - Thorne

WA-75055

The Procter & Gamble Company (**P&G**) proposes to acquire 100% of the issued and outstanding units of Healthspan Topco, LLC, and its subsidiaries (collectively trading as **Thorne**) (the **Acquisition**). P&G is a global manufacturer of consumer goods, including fabric and household care, grooming, health care, baby, feminine, and family care products. Its headquarters are located in Cincinnati, USA and its shares are listed on the New York Stock Exchange. In Australia, P&G supplies vitamins, minerals and supplements through its VOOST brand, which is focused on effervescent vitamins and supplements and is distributed through pharmacy and grocery retail channels. Thorne is a US-based wellness company that offers high-quality supplements and personalised health solutions backed by health care practitioners. Thorne's nutritional supplements are manufactured in the US, primarily at its manufacturing campus in Summerville, South Carolina. Thorne’s products are sold directly to consumers through its website (Thorne.com) and select online marketplaces such as Amazon, as well as through healthcare practitioners and athletic performance partners. It supplies a range of vitamins, minerals and supplements in Australia exclusively through distributors and e-commerce channels, including directly through its own e-commerce platform and on a cross-border basis through, for example, iHerb and Pattern Australia.

Status

Assessment completed

Determination

Approved

Stage

Waiver application

Notified

27 August 2026

Acquirers

  • The Procter & Gamble Company

Targets

  • Healthspan Topco, LLC (trading as Thorne)