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Johnson & Johnson plans to split into two separate firms

07:29 PM Nov 12, 2021 | PTI |

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

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The company selling prescription drugs and medical devices will keep Johnson & Johnson as its name, the company said Friday.

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.

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The announcement comes just days after General Electric said that it plans to split into three separate companies.

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