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 | |
| 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 all products are used by infants and children under 7 except 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.