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J&J Acquires China’s Dabao Cosmetics Co. Ltd.

September 11, 2008

CHINA:
Johnson & Johnson (China) Investment Co., Ltd. has acquired Beijing Dabao Cosmetics Co., Ltd., which touts a wide range of personal care brands in the country, including brands such as Sod Milk, Beauty Day Cream and Sod Protein Milk.

“Dabao is a successful brand in the China market, and a brand we respect. We plan to develop the brand further with the help of Dabao’s unsurpassed local market knowledge and our experience in marketing, research and product innovation,” said Jesse Wu, president of Johnson & Johnson (China) Investment Co., Ltd. “This transaction is an extension of our commitment to China, and to the continued development of China’s consumer health care sector.”

J&J, which established its first joint venture in China in 1985, also sells Johnson’s Baby, Neutrogena and Clean & Clear products in the country.

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