04/26/2018

Corporate Giant Says Healthcare Acquisition Helps Them Stay Current "Megatrends"

The acquisition assists the company in responding to an aging population

Procter & Gamble said its $4.2 billion acquisition of German firm Merck's consumer health division was about allowing it to respond to the changing demands of an aging world.

"We see several areas where Merck’s capabilities can accelerate our brands and businesses," chief executive David Taylor said on an analyst call, as P&G announced its third-quarter results.

Across the business, organic sales were up 1 percent from January to March. But while the beauty division performed well, with 5 percent organic growth, grooming saw organic sales fall 3 percent thanks to falling prices, as Gillette continues to face fierce competition from Dollar Shave Club, Harry’s and others.

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