M&A Deal Summary

Reckitt Benckiser Group Acquires Mead Johnson Nutrition

On February 10, 2017, Reckitt Benckiser Group acquired food company Mead Johnson Nutrition for 17.9B USD

Acquisition Highlights
  • This is Reckitt Benckiser Group’s 2nd transaction in the Food sector.
  • This is Reckitt Benckiser Group’s largest (disclosed) transaction.
  • This is Reckitt Benckiser Group’s 6th transaction in the United States.
  • This is Reckitt Benckiser Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2017-02-10
Target Mead Johnson Nutrition
Sector Food
Buyer(s) Reckitt Benckiser Group
Deal Type Add-on Acquisition
Deal Value 17.9B USD
Advisor(s) Goldman Sachs
Morgan Stanley (Financial)
Kirkland & Ellis (Legal)

Target

Mead Johnson Nutrition

Glenview, Illinois, United States
website
Entrance to Mead Johnson's corporate headquarters in Gleview, Illinois.
Entrance to Mead Johnson's corporate headquarters in Gleview, Illinois.
Mead Johnson Nutrition Co. developes nutritional offerings for infants and children. The Company was formed in 1905 and was spun-off from Bristol-Myers Squibb in 2009. Mead Johnson is based in Glenview, Illinois.

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Buyer(S) 1

Buyer

Reckitt Benckiser Group

Slough, United Kingdom

website

Category Company
Founded 1819
Sector Consumer Products
Employees43,500
Revenue 14.0B GBP (2020)
DESCRIPTION

Reckitt Benckiser Group is a global consumer health and hygiene company. RB has operations in over 60 countries and its health, hygiene and home portfolio is led by global brands that include Nurofen, Strepsils Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol, Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon, Air Wick, Woolite and French’s. Reckitt Benckiser was founded in 1819 and is based in Slough, United Kingdom.

DEAL STATS #
Overall 14 of 17
Sector (Food) 2 of 2
Type (Add-on Acquisition) 7 of 7
State (Illinois) 1 of 1
Country (United States) 6 of 8
Year (2017) 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-29 Hypermarcas - Brazilian Condom and Lubricants Business

Brazil

Hypermarcas' Brazilian Condom and Lubricants Business is a Brazilian condom manufacturer, through its three brands - Jontex, Olla and Lovetex.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 RB Food

Chester, New Jersey, United States

RB Food is a provider of portfolio of iconic brands including French's, Frank's RedHot and Cattlemen's. Tiger's Milk, a nutrition bar brand, will also be sold as part of the transaction and has been included in RB Food.

Sell $4.2B
Mergr

Product

Company

Legal