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AP National Business

Johnson & Johnson to split into 2 companies

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Published 8:01 AM

By MICHELLE CHAPMAN and TOM MURPHY
The Associated Press

Johnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business. The company said Friday that the division selling prescription drugs and medical devices will keep Johnson & Johnson as its name. The new consumer health company will house brands including Neutrogena, Aveeno, Tylenol, Listerine, Johnson’s, and Band-Aid. A name was not disclosed for the new company. Details are sparse, but the company expect the split to occur in the next two years.

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