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Reckitt Benckiser Group acquires Mead Johnson Nutrition Company

A major step forward in consumer health

Reckitt Benckiser Group plc has signed a merger agreement with Mead Johnson Nutrition Company under which Mead Johnson shareholders will receive $90 per share in cash.

The acquisition will take RB into a global market leadership in consumer health. The addition of the Enfa family of brands, the world’s leading franchise in infant and children’s nutrition is a natural extension to RB’s consumer health portfolio of Powerbrands which are already trusted by millions of mothers, reinforcing the importance of health and hygiene for their families.

Mead Johnson’s geographic footprint will significantly strengthen our position in developing markets, which account for approximately 40% of the combined group’s sales.

RB’s deep understanding of consumer needs and its expertise in scaling global brands will deliver significant growth for the Mead Johnson portfolio.

The transaction is subject to shareholder and regulatory approvals. The boards of RB and Mead Johnson have both unanimously approved the transaction and will recommend that their respective shareholders vote in favour.

About RB

RB is the world’s leading consumer health and hygiene company. The company has operations in over 60 countries, with headquarters in London, Dubai and Amsterdam, and sales in most countries across the globe. The company employs approximately 37,000 people worldwide.

Led by a purpose of providing innovative solutions for healthier lives and happier homes, RB is amongst the top 10 companies listed on the London Stock Exchange. It is the global No 1 or No 2 in the majority of its fast-growing categories, driven by an exceptional focus on innovation. RB’s health, hygiene and home portfolio is led by its global Powerbrands including Nurofen, Strepsils, Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol, Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon, Air Wick, Woolite and French’s. Powerbrands represent 80% of RB’s net revenue.

RB is redefining the world of consumer health and hygiene. Its people and unique culture are at the heart of its success. It has a drive for achievement and a passion to outperform wherever it focuses, including sustainability where it is targeting a 1/3 reduction in water impact, a 1/3 less carbon footprint per dose of product, and 1/3 of net revenue from more sustainable products.

RB is proud to lead the Save a Child a Minute campaign, which aims to eliminate child deaths from diarrhoea, one of the world’s largest killers of children under 5.

For more information visit www.rb.com or here. A bit about RB.

About Mead Johnson

Mead Johnson, a global leader in infant and children’s nutrition, develops, manufactures, markets and distributes more than 70 products in over 50 markets worldwide. The company’s mission is to nourish the world’s children for the best start in life.

The Mead Johnson name has been associated with science-based infant and children’s nutrition products for over 100 years. The company’s Enfa family of brands, including Enfamil infant formula, is the world’s leading franchise in infant and children’s nutrition.

In the year ended 31 December 2016, Mead Johnson reported net sales of $3,743 million, of which 50% were generated in Asia, 17% in Latin America and 33% in North America / Europe. On a US GAAP basis, Mead Johnson reported earnings before interest and income taxes of $819 million, earnings before income taxes of $713 million and net earnings attributable to shareholders of $545 million. On a non-US GAAP basis, Mead Johnson reported earnings before interest and income taxes of $927 million and EBITDA of $1,026 million. As at 31 December 2016, Mead Johnson reported total assets of $4,088 million.

For more information, go to www.meadjohnson.com

For more information about the deal please go to https://www.healthier-lives.com/en/home/

Others :

http://blogs.barrons.com/emergingmarketsdaily/2017/03/31/mead-johnson-can-it-catch-up-in-china/
https://www.com-unik.info/2017/03/27/reckitt-benckiser-group-plc-rb-given-outperform-rating-at-credit-suisse-group-ag-updated-updated.html

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