World News | US-J&J Johnson & Johnson Plans to Split into Two Companies
Get latest articles and stories on World at LatestLY. Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business.
New Brunswick, Nov 12 (AP) Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business.
The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name, the company said Friday.
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The new consumer health company will house brands including Neutrogena, Aveeno, Tylenol, Listerine, Johnson's, and Band-Aid.
A name was not disclosed for the new company.
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Details are sparse, but the company expect the split to occur in the next two years.
The announcement comes just days after General Electric said that it plans to split into three separate companies. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)