Johnson & Johnson buys Exuviance and NeoStrata
Consumer brands giant Johnson & Johnson, based in New Jersey, US, has announced its acquisition of NeoStrata Company and its portfolio of cosmeceutical skincare brands including Exuviance, NeoStrata and CoverBlend.
Parent company TriStrata is also being sold as part of the deal. Financial terms were not disclosed. The move will see the companies working together to continue NeoStrata’s breakthrough research into advanced anti-ageing ingredients such as AHAs.
“NeoStrata's legacy in dermocosmetics will complement our global consumer portfolio and enable us to deliver advanced skin care brands to consumers around the world," said Jorge Mesquita, worldwide chairman of consumer at Johnson & Johnson.
"NeoStrata and Johnson & Johnson share a strong history of innovation and together we will work to discover important new skin care solutions grounded in deep human insights and compelling science.
"We look forward to working closely with NeoStrata's distributors around the world and having their outstanding team of employees join Johnson & Johnson consumer later this year."
Aesthetic Source remains the distributor of Exuviance and NeoStrata in the UK.