Womble Client Thorne Agrees to $3.8 Billion Acquisition by Proctor & Gamble

Congratulations to Thorne! The long-time Womble Bond Dickinson client and L Catterton portfolio company has entered into a definitive agreement to be acquired by Proctor & Gamble for $3.8 billion.

A multi-disciplinary Womble team worked closely with Thorne’s in-house team on this acquisition—and is continuing work on a wide variety of other engagements for the company as outside counsel. Womble Partner Patrick Strubbe has long represented Thorne, an L Catterton portfolio company, as primary outside counsel with the assistance of many other key relationship attorneys and a large cross-functional, cross-office team.

The sale is expected to close later this year, pending regulatory approval.

Based in Summerville, S.C., Thorne is an industry leader in the science-backed health and wellness products industry. The company’s products include fitness supplements, prenatal vitamins, hormone supplements, and more. Thorne’s products are used by more than 100 professional sports teams and multiple U.S. National Teams, as well as over seven million consumers.