Add-on Acquisition • Medical Products

Johnson & Johnson Acquires Closure Medical

On March 4, 2005, Johnson & Johnson acquired medical products company Closure Medical for 370M USD

Acquisition Context
  • This is Johnson & Johnson’s 7th transaction in the Medical Products sector.
  • This is Johnson & Johnson’s 25th largest (disclosed) transaction.
  • This is Johnson & Johnson’s 12th transaction in the United States.
  • This is Johnson & Johnson’s 1st transaction in North Carolina.

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M&A Deal Summary

Date March 4, 2005
Target Closure Medical
Sector Medical Products
Buyer(s) Johnson & Johnson
Deal Type Add-on Acquisition
Deal Value 370M USD

Target Company

Closure Medical

Raleigh, North Carolina, United States
CLOSURE Medical Corp., provides services in the development and manufacture of innovative biomaterial-based medical devices that fulfill the needs of healthcare practitioners, patients and consumers.
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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 12 of 47
Sector: Medical Products 7 of 17
Type: Add-on Acquisition 8 of 39
State: North Carolina 1 of 2
Country: United States 12 of 39
Year: 2005 1 of 3
Size (of disclosed) 25 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-13 OraPharma

Horsham, Pennsylvania, United States

OraPharma, Inc. is a pharmaceutical company that discovers, develops and commercializes therapeutics for the treatment of periodontal disease at various phases of progression.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-09 TransForm Pharmaceuticals

Lexington, Massachusetts, United States

TransForm Pharmaceuticals, Inc., a privately held company that specializes in the discovery of superior formulations and novel crystalline forms of drug molecules. Formed in 1999, TransForm currently has approximately 80 employees.

Buy $230M