Reckitt Benckiser (RB), the consumer health and hygiene company, has announced the completion of its acquisition of the Mead Johnson Nutrition Company.
The acquisition of Mead Johnson brings the addition of two infant and child nutrition brands, Enfa and Nutramigen, which RB says is a 'natural extension' of its existing portfolio.
Rakesh Kapoor, RB chief executive, said, “The closure of the acquisition marks an inflection point in RB’s evolution to become a leader in consumer health and hygiene".
“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.
Sehgal was previously responsible for Reckitt Benckiser operations in China and North Asia, as well as its global health care division and the company’s North American business.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O’Sullivan. Click subscribe to sign up to ESM: The European Supermarket Magazine.