Johnson & Johnson is preparing to acquire privately held NeoStrata Company. The financial terms and total value of the deal have not yet been disclosed. The acquisition deal will give Johnson & Johnson ownership rights for NeoStrata’s affiliates and its parent company, TriStrata. The deal’s closure, expected by the first half of this year, is contingent upon clearance as per the Hart-Scott-Rodino Antitrust Improvements Act.
“NeoStrata and Johnson & Johnson share a strong history of innovation and together we will work to discover important new skin care solutions grounded in deep human insights and compelling science,” said Jorge Mesquita, worldwide chairman, consumer, Johnson & Johnson. “We look forward to working closely with NeoStrata’s distributors around the world and having their outstanding team of employees join Johnson & Johnson Consumer later this year.”