Thorne
Practitioner-channel supplements. The one brand in the category whose verification held its value.
Status: Watchlist
- Founded
- 1984
- Website
- thorne.com
- HQ
- USA
- Manufacturing
- USA
- Ownership type
- PE-owned
- Parent
- L Catterton (P&G acquisition signed 2026-08-04, NOT yet closed)
- Acquired
- 2023-10-16
- Status since
- 2026-08-25
Ownership
IPO 2021 at $10.00. L Catterton take-private Oct 2023 ~$680m. P&G agreed Aug 2026 to buy for $3.8bn cash - roughly 5.6x in 34 months. Deal signed, not completed.
Why Watchlist
Vertical integration is real and disclosed under securities-law liability, but the brand is mid-transfer from a PE owner to a mass-market CPG conglomerate. NSF Certified for Sport covers only around 44 US products against 300+ SKUs.
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