Strengthening its health portfolio, Procter & Gamble (PG.US) has acquired the supplement company Thorne for $3.8 billion in cash.

According to Zhitong Finance APP, consumer goods giant Procter & Gamble (PG.US) announced on Tuesday that it will acquire the nutritional supplement brand Thorne from LVMH's private equity fund L Catterton for $3.8 billion in cash. This deal marks a significant bet by the Tide laundry detergent manufacturer on the health and wellness market, aiming to capitalize on the growing consumer demand for self-care products.