the Glide dental floss business
from W. L. Gore & Associates for an
undisclosed sum. The acquisition will
expand P&G’s dental care business,
company executives said.
W.L. Gore, which also makes Gore-
Tex fabrics and Elixir guitar strings,
will continue developing and manufacturing
the fiber for the floss line, while
P&G will market and sell the line
under the Glide and Crest brand
names. The acquisition pends regulatory
In other news, P&G closed its deal
to purchase Germany-based Wella AG.
Procter & Gamble Company closed the
stock purchase agreement with the
family shareholders of Wella AG,
according to Wella executives.
In accordance with the tender offer
made in April, P&G purchased the
additional tendered Wella shares in
September. With these combined transactions,
P&G owns 98.1% of Wella voting
shares and 79.2% of total company