Looks like you’re on the UK site. Choose another location to see content specific to your location

Home Industry News Proctor and Gamble could sell Iams, says expert

Proctor and Gamble could sell Iams, says expert

9th February 2009

Proctor & Gamble (P&G) may sell either of its Duracell, Iams or Pringles brands – but not now, an expert has claimed.

A recent article in the Financial Times (FT) discussed P&G’s current position and its decision to find buyers for its pharmaceuticals arm.

The group has “long debated” whether to sell any of the aforementioned brands but one sector commentator said the “methodical” company thinks now is not the ideal time to do so.

The newspaper said while Duracell was potentially a large and therefore “unwieldy” purchase for private equity firms, consolidation in the pet food sector makes the number of possible Iams buyers limited.

In addition, any new owner of Pringles would face competition from “industry giant” and PepsiCo-owned Frito-Lay, the FT added.

P&G recently announced that net sales for 2008 topped those of the previous year and totalled $83,503 million (55,981 million pounds).

Operating income rose to $17,083 and net earnings per common share went up from $3.22 to $3.86.

We currently have 9 jobs available in Pharmacy industry, find your perfect one now.

Stay informed

Receive the latest industry news, Tips
and straight to your inbox.