L Catterton Announces Sale of Thorne to The Procter & Gamble Company for $3.8 Billion

P&G CEO Shailesh Jejurikar said the acquisition is play to grow the company's health business on CNBC's "Squawk on the Street."

Procter & Gamble will announce its acquisition of Thorne supplements on Tuesday. The company's CEO stated the acquisition price aligns with industry benchmarks. Haleon, a UK…