Business News

Johnson & Johnson Completes Acquisition of Mentor Corporation

Monday 26. January 2009 - Johnson & Johnson (NYSE:JNJ) today announced the completion of its previously announced acquisition of Mentor Corporation (NYSE:MNT), a leading supplier of medical products for the global aesthetic market.

Mentor is expected to operate as a stand-alone business unit reporting through ETHICON, Inc., a Johnson & Johnson company and a leading provider of suture, mesh and other products for a wide range of surgical procedures.

According to Gary Pruden, Company Group Chairman, Johnson & Johnson, with responsibility for the ETHICON Franchise, “Mentor will become the cornerstone of a broader Johnson & Johnson strategy for aesthetic medicine — serving both consumers and medical professionals. We will use our combined strengths and experience to build a market-leading aesthetic business that capitalizes on Johnson & Johnson’s broad-based commercial capabilities, worldwide surgical care footprint, and clinical scientific capabilities.”