Haleon among bidders for supplements maker Thorne, sources say
Haleon's Bid and the Competitive Landscape in the U.S. Supplements Market
By Abigail Summerville, Richa Naidu and Amy-Jo Crowley
Haleon's Interest in Thorne
June 26 (Reuters) - Consumer health company Haleon bid for U.S. supplements firm Thorne, sources said on Friday, at a time when Haleon has been hoping to expand in the roughly $70 billion U.S. supplements market.
Background on Thorne and L Catterton
Thorne, which LVMH-backed private equity firm L Catterton acquired for $680 million in 2023, has been exploring a sale with investment bankers and attracted strategic interest, including a bid from Haleon, two people familiar with the matter told Reuters.
Thorne's Product Portfolio and Company Responses
Thorne, which sells dietary supplements including magnesium and omega-3, primarily in the United States, declined to comment. A spokesperson for Haleon, maker of Advil and Centrum vitamins, said the company did not comment on rumour or speculation. L Catterton did not immediately respond to a request for comment.
Other Bidders and Market Developments
Unilever's Position and Strategic Focus
Three sources said consumer goods company Unilever did not bid for Thorne. Unilever has been shifting towards beauty and wellbeing brands under CEO Fernando Fernandez.
Media Reports on the Bidding Process
The Financial Times reported earlier on Friday that Unilever was among several bidders for South Carolina-based Thorne. The FT said Thorne was valued at up to $4 billion.
Unilever declined to comment.
Market Outlook for U.S. Dietary Supplements
Grand View Research estimated the U.S. dietary supplements market at $68.74 billion in 2025 and projected it would reach $131.08 billion by 2033
(Reporting by Nithyashree R B, Rishab Shaju and Unnamalai L in Bengaluru, Abigail Summerville in New York and Richa Naidu in London; Editing by Devika Syamnath, Tomasz Janowski, David Gregorio, Rod Nickel)
