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J&J Acquires Chinese Cosmetics Company

Beijing Dabao Cosmetics Co. Ltd. is a successful brand in China

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By: TOM BRANNA

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Johnson & Johnson (China) Investment Co., Ltd. today announced that it has acquired Beijing Dabao Cosmetics Co., Ltd. from Beijing Sanlu Factory and the Beijing Dabao Co. Ltd. Staff Shareholding Committee. The acquisition was completed after receipt of all necessary government approvals and procedures. Financial terms of the transaction are not being disclosed. “This transaction is an extension of our commitment to China, and to the continued development of China’s consumer health care sec...

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