J&J Acquires Beijing Dabao Cosmetics
In line with its commitment to China and the continued development of China's consumer health care sector, Johnson & Johnson (J&J) Investment Co. Ltd. acquires Beijing Dabao Cosmetics Co. Ltd. from Beijing Sanlu Factory and the Beijing Dabao Co. Ltd. Staff Shareholding Committee.
"Since establishing our first joint venture in China in 1985, the Johnson & Johnson Family of Companies has continuously demonstrated its commitment to improving the health and well-being of Chinese families, and to China as an important market. We are very pleased to add the well-known and respected Dabao brand to our growing portfolio of health care brands in China. We look forward to working with our new colleagues at Dabao to serve even more Chinese families with Dabao's leading Chinese products," says Jesse Wu, president of Johnson & Johnson (China) Investment Co., Ltd.
Wu adds that J&J is proud to be an Official Partner of the Beijing 2008 Olympic Games and Paralympic Games. The company has also launched the Johnson & Johnson Family Health Initiative in China -- a comprehensive campaign featuring a number of national health education programs that will help families in China enjoy happier, healthier lives.
"Since establishing our first joint venture in China in 1985, the Johnson & Johnson Family of Companies has continuously demonstrated its commitment to improving the health and well-being of Chinese families, and to China as an important market. We are very pleased to add the well-known and respected Dabao brand to our growing portfolio of health care brands in China. We look forward to working with our new colleagues at Dabao to serve even more Chinese families with Dabao's leading Chinese products," says Jesse Wu, president of Johnson & Johnson (China) Investment Co., Ltd.
Wu adds that J&J is proud to be an Official Partner of the Beijing 2008 Olympic Games and Paralympic Games. The company has also launched the Johnson & Johnson Family Health Initiative in China -- a comprehensive campaign featuring a number of national health education programs that will help families in China enjoy happier, healthier lives.