P&G; Buys Sundor Group: Procter & Gamble...
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P&G; Buys Sundor Group: Procter & Gamble Co. has purchased Sundor Group Inc., the nation’s sixth-largest fruit drink manufacturer in a move that could reverse losses from its Citrus Hill orange juice business. The Cincinnati-based household and food products company said it will operate the Darien, Conn.-based firm as a subsidiary. Analysts estimate P&G; paid between $275 million and $300 million in cash for the company. P&G; did not disclose the purchase price.
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