The company expects to build a 2 million-square-foot facility at the Inland Port Arizona industrial park.
The brand’s co-founders, husband-and-wife duo Monique and Melvin Rodriguez, will retain their roles as chief executive officer and chief operating officer, respectively.
The Procter & Gamble consumer goods corporation has agreed to pay $8 million to settle a lawsuit filed against them. According to the lawsuit, the company has sold products with a known carcinogen called benzene from November 4, 2015 until December 31, 2021. Benzene is a known flammable liquid that can cause cancer when taken in large amounts.
The Arizona Commerce Authority announced today that Procter & Gamble (P&G), a global consumer goods leader with a diverse portfolio of trusted, quality brands, plans to build a new manufacturing facility in Coolidge, Arizona. The facility will support P&G’s fabric care portfolio, which includes products such as Tide PODS®, Downy Unstopables® and Bounce® Dryer Sheets. The new facility is expected to be operational by 2025, creating approximately 500 new jobs.
Demolition and abatement of the east side of Procter & Gamble’s former Sharon Woods Innovation Center campus is now underway and scheduled for completion in early 2023.
P&G executed the sale of its industrial plant located in the city of Rio de Janeiro to Cury, a large Brazilian real estate developer.
Proctor & Gamble’s 61,017-square-foot Fayetteville office building sold for $12.7 million with the purchase price equalling $208.13 per square foot.
In related news, CEO Ma. Fatima Francisco sold 18,000 shares of the firm’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $164.10, for a total transaction of $2,953,800.00. Following the completion of the sale, the chief executive officer now directly owns 7,020 shares of the company’s stock, valued at approximately $1,151,982. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman David S. Taylor sold 60,000 shares of the stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $164.52, for a total transaction of $9,871,200.00. Following the transaction, the chairman now directly owns 253,933 shares of the company’s stock, valued at approximately $41,777,057.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,415 shares of company stock valued at $17,777,055. 0.51% of the stock is owned by company insiders.