Johnson & Johnson Consumer Inc. announced today that it has entered into a definitive agreement to acquire Zarbee's, Inc., a privately held company that is a leader in naturally-based healthcare products. The acquisition will include the full line of Zarbee's Naturals™ products for children and adults. Financial terms of the transaction were not disclosed.
Zarbee's Naturals™ was founded in 2008 by Dr. Zak Zarbock, a pediatrician who was inspired to create safe, wholesome and effective alternatives to traditional OTC medicines. His first product was a honey-based kids' cough syrup made with vitamin C and zinc and free of alcohol, drugs, and artificial flavors. Over the last decade, Zarbee's Naturals™ has grown into a broad-based health and wellness brand and has disrupted the cough, sleep, immune support and vitamin categories with its portfolio of family-friendly products.
"Zarbee's is a values-driven company that was founded on and has achieved significant growth by meeting the evolving health needs of today's families," said Katie Devine, Global President, OTC Franchise, Johnson & Johnson Consumer Inc. "As a global OTC leader, Johnson & Johnson Consumer shares in this vision and is committed to providing innovative healthcare solutions that satisfy the preferences of consumers."
"Through Zarbee's Naturals™, we are excited to bring a more comprehensive set of products to consumers within our core need states," said Kathy Widmer, President, U.S. OTC, Johnson & Johnson Consumer Inc. "The Zarbee's team has achieved tremendous success in the marketplace and we are excited to be a part of their future growth. Upon closing of the transaction, we look forward to working closely with the Zarbee's team as they join the Johnson & Johnson Consumer family."
The closing of the transaction is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The transaction is expected to close during the third quarter of 2018.
About Johnson & Johnson Consumer Inc. Johnson & Johnson Consumer Inc., based in Skillman, N.J., is one of the world's largest consumer health and personal care products company. Our consumer companies produce many of the world's most trusted brands, among them JOHNSON'S® Baby, BAND-AID®, NEUTROGENA®, TYLENOL®, MOTRIN®, and LISTERINE®. Each one of our consumer businesses embraces innovative science to create products that anticipate consumer needs and create experiences that help them live healthy, vibrant lives.
