M&A: Culture Integration

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Lafley alluded to P&G's drug brands such as Actonel and Prilosec OTC, which the company markets in partnership with pharmaceutical companies. He pointed out P&G's partnerships with Unicharm, a Japanese diaper competitor that helped develop P&G's Swiffer mop, and a joint venture with Clorox Co...
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to make Glad Press 'n Seal. "I think it's pretty clear we'll work with anybody," Mr. Lafley said. In working with Gillette, P&G's task is complicated by the fact that Gillette's culture is already split in two. On one side are the longtime employees who form the heart of the razor business...
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