The Procter & Gamble Company, also known as P&G, is an American multinational consumer goods company headquartered in downtown Cincinnati, Ohio, United States. Its products include pet foods, cleaning agents, and personal care products. Prior to the sale of Pringles to the Kellogg Company, its product line included foods and beverages.
In 2012, P&G recorded $83.68 billion in sales. P&G was ranked #15 in the World’s Most Admired Companies list by Ford magazine. Procter & Gamble has acquired a number of other companies that has diversified its product line and significantly increased profits. Some of these acquisitions included Folgers Coffee, Norwich Eaton Pharmaceuticals (the makers of Pepto-Bismol), Richardson-Vicks, Noxell (Noxzema), Shulton’s Old Spice, Max Factor, and the Iams Company and others. In January 2005 P&G announced an acquisition of Gillette, forming the largest consumer goods company and replacing Unilever. Over the years, Procter & Gamble has grown into a billion dollar company, selling products worldwide.