Cincinnati Business Courier – April 7, 2006Procter & Gamble plans to shutter more than half of its 475 distribution centers worldwide as part of a sweeping effort to cut overlapping operations and distill its shipping network following its acquisition of Gillette Co.
Procter declined to say which centers will close or how many of its American facilities are targeted, though many are operated by third parties. The process will take place in the next year to 18 months and will include facilities that carry products by Procter, Gillette and Germany-based Wella AG. Procter acquired Gillette for $54 billion in 2005 and Wella for $5 billion in 2003
read full article
