William Procter, a candle maker, and James Gamble, a soap maker, immigrants fromEngland and Ireland, respectively, who had settled earlier in Cincinnati, who met as theymarried sisters, Olivia and Elizabeth Norris, formed the company initially. Alexander Norris, their father-in law, called a meeting in which he persuaded his new sons-in-law to become business partners. On October 31, 1837, as a result of the suggestion, Procter &Gamble was born. In 1858-1859, sales reached $1 million. By this point, approximately 80employees worked for Procter & Gamble.The company moved into other countries, both in terms of manufacturing and product sales, becoming an international corporation with its 1930 acquisition of the Thomas Hedley Co., based in Newcastle upon Tyne, England. Procter & Gamble maintained a strong link to the North East of England after this acquisition. Numerous new products and brand names wereintroduced over time, and Procter & Gamble began branching out into new areas.
Procter & Gamble Co. is a Fortune 500, American Multinational Corporation headquarteredin Downtown Cincinnati, Ohio, USA that manufactures a wide range of consumer goods. Asof 2008, P&G is the 8th largest corporation in the world by market capitalization and 14thlargest US Company by profit.In 2007 P&G spent more on U.S. advertising than any other company; the $2.62 billionspent by P&G is almost twice as much as that spent by General Motors, the next companyon the Nielsen list.
Effective July 1, 2007, the company's operations are categorized into three "Global BusinessUnits" with each Global Business Unit divided into "Business Segments" according to thecompany's March 2009 earnings release. Beauty Care
Grooming segment Household Care