Add-on Acquisition • Consumer Products

Johnson & Johnson Acquires Neutrogena

On August 22, 1994, Johnson & Johnson acquired consumer products company Neutrogena for 924M USD

Acquisition Context
  • This is Johnson & Johnson’s 1st transaction in the Consumer Products sector.
  • This is Johnson & Johnson’s 21st largest (disclosed) transaction.
  • This is Johnson & Johnson’s 2nd transaction in the United States.
  • This is Johnson & Johnson’s 1st transaction in California.

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M&A Deal Summary

Date August 22, 1994
Target Neutrogena
Sector Consumer Products
Buyer(s) Johnson & Johnson
Deal Type Add-on Acquisition
Deal Value 924M USD

Target Company

Neutrogena

Los Angeles, California, United States
Neutrogena Corporation is a producer of skin and hair care products. Neutrogena was originally established in 1930 and is based in Los Angeles.
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Buyer Overview 1

Buyer

Johnson & Johnson

New Brunswick, New Jersey, United States

Category Company
Founded 1886
Sector Consumer Products
Employees132,000
Revenue 88.8B USD (2024)
DESCRIPTION
Johnson & Johnson's corporate headquarters in New Brunswick, New Jersey.
Johnson & Johnson's corporate headquarters in New Brunswick, New Jersey.

Johnson & Johnson is a global healthcare conglomerate that operates across three primary sectors: Pharmaceuticals, Medical Devices, and Consumer Health. In Pharmaceuticals, it develops treatments for a variety of conditions, including immunology, oncology, and infectious diseases. The Medical Devices segment offers a range of equipment and devices for healthcare professionals, encompassing orthopedics, surgery, and cardiovascular care. Its Consumer Health division markets a wide array of products, spanning baby care, oral care, skin care, over-the-counter drugs, and women's health, with popular brands such as Band-Aid, Tylenol, and Neutrogena under its umbrella. Johnson & Johnson was formed in 1886 and is based in New Brunswick, New Jersey.


Deal Context for Buyer #
Overall 2 of 47
Sector: Consumer Products 1 of 5
Type: Add-on Acquisition 2 of 39
State: California 1 of 15
Country: United States 2 of 39
Year: 1994 1 of 2
Size (of disclosed) 21 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-06-01 A Company Orthodontics

San Diego, California, United States

A Company Orthodontics is a manufacturer and marketer of orthodontics appliances sold in the United States and over thirty foreign countries. The Company is a major participant and a recognized innovator in the orthodontic marketplace with its brands of bracket and wire systems employing straight wire technology.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-09-07 Eastman Kodak - Diagnostics Products Division

Rochester, New York, United States

Eastman Kodak - Diagnostics Products Division is a producer of machines that can run hundreds of chemical tests an hour.

Buy $1.0B