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Acquisitions to Play a Key Role in P&G’s Growth

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By: TOM BRANNA

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Procter & Gamble aims to meet up to one-quarter of its long-term target for sales growth through acquisitions, according to A.G. Lafley, president and chief executive of the U.S. consumer products group. Mr Lafley said acquisitions would add at least 1 percentage point to sales as part of its plan to boost turnover by 4-6%. “We think about 2% is market growth and we tried to be conservative. There is another 1-3% that we call organic growth, and that is internally generated innovation...

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