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SKILLMAN, NJ–Johnson & Johnson Consumer Inc. (J&J) said on April 27 that it will acquire Princeton-based NeoStrata Company, Inc., a global leader in “Dermacosmetics” or products that join beauty and health.
“The acquisition will include NeoStrata’s affiliates and parent company TriStrata, Incorporated, a privately-held company,” said J&J in a press release.
J&J has not disclosed financial terms of the deal or said how much it is paying for the cosmetics/dermatology company.
NeoStrata is responsible for innovating a range of “clinically-proven, dermatologist-developed, skin care products that meet the needs of every skin type.”
“Drs. Ruey Yu and Eugene Van Scott formed NeoStrata in 1988 and continue to make significant contributions to the science of skincare. 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, Consumer, J&J.
“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,” Mesquita continued. “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.”
The deal is expected to close by the first half of 2016, but “is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act.
While many retail stores and spas sell NeoStrata’s streamlined products, the company also offers them direct to consumers via its website.