P&G Completes Acquisition Of Consumer Health Business of Merck KGaA
Procter & Gamble Company has announced that it has successfully completed the acquisition of the consumer health business of Merck KGaA, Darmstadt, Germany.
This move improves P&G’s over-the-counter (OTC) geographic scale, brand portfolio and category footprint in the vast majority of the world’s top 15 OTC markets.
Merck KGaA consumer health president and CEO, Uta Kemmerich-Keil, will be joining P&G as the leader of P&G Personal Healthcare International, an organization encompassing the newly combined consumer health care businesses in Europe, Latin America, and Asia/IMEA.
OTC Health Care
“In bringing Merck KGaA, Darmstadt, Germany, Consumer Health into P&G, we have created a new health care organization that is well-positioned to enable consumers to live longer, healthier and more vibrant lives as well as drive further sales and profit growth for P&G,” said Tom Finn, president, P&G Global Personal Health Care.
“We are pleased to welcome the strong leadership of Uta Kemmerich-Keil into the P&G family, along with the thousands of talented people of Merck KGaA, Darmstadt, Germany, Consumer Health who are transferring to P&G.”
The acquisition also provides P&G with strong health care commercial and supply capabilities, deep technical mastery and proven consumer health care leadership that will complement its existing consumer health care capabilities and brands.
“P&G’s global scale and strategic interest in the health and well-being of consumers provide an excellent basis for growth and expansion, and we wish our colleagues all the best for the future,” said Belén Garijo, member of the executive board of Merck KGaA, Darmstadt, Germany, and CEO Healthcare.
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition.