Johnson & Johnson (China) Investment Co., Ltd., a subsidiary of Johnson & Johnson, announced that it has acquired Beijing Dabao Cosmetics Co., Ltd. The company said the acquisition was completed after receipt of all necessary government approvals and procedures. Financial terms of the transaction were not disclosed.
Johnson & Johnson started a first joint venture in China in 1985, and the company currently markets in this country its Johnson’s Baby, Neutrogena and Clean & Clear consumer skin care brands. Dabao markets some of the most successful Chinese personal care brands, its skincare line includes products well-known in Chinese households, including Sod Milk, Beauty Day Cream, and Sod Protein Milk.