PG · 10-K · 2026A · Full report

Acquisition / Partnership / Divestiture

PROCTER & GAMBLE Co · 2026-08-04 · Importance 59 · Surprise 60 · Matches filing data

In January 2026, Clorox purchased P&G's minority interest in the Glad joint venture for $476 million when the joint venture agreement expired, and P&G recorded a $261 million after-tax gain from the dissolution. On August 4, 2026, P&G agreed to acquire Thorne, a premium wellness and supplements brand, for $3.8 billion. The Thorne transaction is expected to close in the second quarter of fiscal 2027, subject to regulatory approval and customary closing conditions. The Thorne acquisition expands P&G's presence in the vitamins, minerals and supplements category.

Key facts

• On August 4, 2026, P&G entered into an agreement to acquire Thorne for $3.8 billion and anticipates the transaction to close in the second quarter of fiscal year 2027, subject to regulatory approval and customary closing conditions. source
• In January 2026 the Glad joint venture agreement expired and Clorox purchased P&G’s minority interest at fair market value for $476 million. source
• During fiscal 2026 the Glad joint venture agreement expired and Clorox purchased P&G’s minority interest at fair market value for $476 million, and P&G recorded an after-tax gain of $261 million. source
• In the Core reconciliation, P&G recorded a $261 million adjustment to net earnings for the gain from the dissolution of the Glad joint venture business. source

Impact estimates