Procter & Gamble Co. is looking for acquisitions to add to its over-the-counter drug brands, which includes Vicks cold remedies, Pepto-Bismol stomach relief and Prilosec heartburn medication, Chief Financial Officer Jon Moeller told analysts Wednesday.
“It is a space that we like,” Moeller said. “It’s certainly demographically advantaged. It’s an area that we feel we have strength in with select product treatment areas.”
Bernstein Research analyst Ali Dibadj said in a research note Thursday that P&G could acquire Merck & Co.’s OTC business, which includes Coppertone sunscreen, Claritin allergy medicine and Dr. Scholl’s foot care products.
WCPO Insiders can learn more about P&G's potential acquisition targets.