RB completes Mead Johnson acquisition
PARSIPPANY, N.J. — RB on Thursday announced the completion of the acquisition of the Mead Johnson Nutrition Company, which folds the two infant and child nutrition powerbrands Enfa and Nutramigen into RB's existing health portfolio.
"The closure of the acquisition marks an inflection point in RB's evolution to become a leader in consumer health care," stated Rakesh Kapoor, CEO RB. "By combining the best of RB's global scale with MJN's science-based innovation, RB is well positioned to deliver further value for all stakeholders. We continue to execute on our strategy of providing innovative health solutions for healthier lives and happier homes to millions of people around the world."
Mead Johnson will initially operate as a separate division within RB and be led by Aditya Sehgal, who joins RB's executive committee. Aditya's previous roles included responsibility for RB's operations in China and North Asia, RB's global health care division and RB's North American business.
Mead Johnson's infant and children's nutrition business will increase RB's revenues in consumer health by approximately 90%, as well as its developing market scale by approximately 65%.