JnJ acquires natural OTC manufacturer Zarbee’s Naturals

Johnson & Johnson today has announced it has acquired Zarbee’s Naturals, a producer of natural OTCs for children, from private equity L. Catterton. Zarbee’s Naturals was founded in Utah in 2008 and sells natural OTCs: these are highly demanded products, indeed their market is growing at a 7.2% rate pa in the US, which is more than double the growth rate of normal OTCs (3.4%). The parties have not provided the financial details of the transaction. The variation in JnJ’s shares after the announcement has been marginal.

(Source: WSJ)