P&G Purchases Health Care BusinessApril 20, 2018
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Procter & Gamble Co., parent company of Procter & Gamble Professional, has acquired the consumer health division of The Merck Group for US$4.2 billion.
P&G’s purchase bolsters the company’s existing portfolio of consumer health care products and expands its geographical footprint in Europe. The transaction is subject to customary closing conditions and is expected to be final by June 2019.
About Procter & Gamble Professional
Procter & Gamble Professional is the away-from-home division of Procter & Gamble, serving the food service, building cleaning and maintenance, hospitality, and convenience store industries. For more information, visit www.pgpro.com.