P&G Sale Fits Strategy

Stock quotes in this article: ACV , PG , SJM  

The Associated Press

Cincinnati-based Procter & Gamble Co. has been selling slower-growth brands to focus more on consumer businesses it thinks has higher potential. Some examples from the past year:

SOLD:

— Prescription drug business to Warner Chilcott PLC

— Noxzema skin care brand to Alberto-Culver Co.

— Folgers coffee to J.M. Smucker Co.

BOUGHT:

— Zirh, an upscale men's skin care line

— The Art of Shaving, high-end men's grooming

— Carnett's car washes, for rebranding as Mr. Clean car washes

ON THE BLOCK?

Other major brands analysts think P&G brands could sell include:

— Braun appliances

— Duracell batteries

— Pringles snacks

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