 | |
| Company type | Subsidiary (LLC) |
|---|---|
| Industry | Pediatric nutrition |
| Founded | 1905 |
| Founder | Edward Mead Johnson |
| Headquarters | River Point, Chicago, Illinois Evansville, Indiana (Global Operations Center) |
Area served | Worldwide |
Key people | Aditya Sehgal, EVP Infant and Child Nutrition |
Number of employees | 7,500 (2017) |
| Parent | Reckitt |
| Website | www |
Mead Johnson & Company, LLC is an American company that is a leading manufacturer of infant formula, both domestically and globally, with its flagship product Enfamil. It operates as an independent subsidiary of Reckitt.
The company dates back to a firm created by Edward Mead Johnson, one of the co-founders of Johnson & Johnson, who created his own business in 1895, which was renamed Mead Johnson & Company in 1905. The company was majority owned by Bristol-Myers Squibb after an acquisition in 1967, but was spun-off in 2009 as an independent firm. Almost products were used by infants and children under 7, But Enfaschool which covers students from childhood to youth under 15 years.
In the year end December 31, 2016, Mead Johnson reported net sales of $3,743 million. Fifty percent of those sales were generated in Asia, 17% in Latin America and 33% in North America/Europe. For the same time period, the company reported total assets of $4,088 million.
In February 2017, British consumer goods company Reckitt (then known as Reckitt Benckiser at the time) bid $16.7 billion for the company.[1] On June 15, 2017, MJN announced that its merger with RB has been completed. As a result, MJN's common stock is no longer traded on the New York Stock Exchange, effective the announcement date.[2]
- ^ "Deals of the day-Mergers and acquisitions | Reuters". Reuters. February 2, 2017. Archived from the original on April 9, 2017. Retrieved April 10, 2017. Reuters Deals
- ^ "Mead Johnson Nutrition Merger with Reckitt Benckiser Completed". yahoo.com. Archived from the original on January 28, 2018. Retrieved April 26, 2018.