Johnson & Johnson plans to split into two companies

Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business.

News 12 Staff

Nov 12, 2021, 12:06 PM

Updated 1,064 days ago

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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 said Friday that the division selling prescription drugs and medical devices will keep Johnson & Johnson as its name.
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.
Details are sparse, but the company expect the split to occur in the next two years.