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Johnson & Johnson plans to separate into two corporations

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Johnson & Johnson is splitting into two corporations, separating the division that sells Band-Aids and Listerine, from its medical system and prescription drug enterprise.

The firm promoting pharmaceuticals and medical units will hold Johnson & Johnson as its title, the corporate stated Friday.

The new shopper well being firm will home manufacturers together with Neutrogena, Aveeno, Tylenol, Listerine, Johnson’s, and Band-Aid.

A reputation was not disclosed for the brand new firm.

Details are sparse, however the firm anticipate the cut up to happen within the subsequent two years.

The announcement comes simply days after General Electric stated that it plans to separate into three separate corporations.

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