Johnson & Johnson

July 16, 2010US Companiesby EconomyWatch


Johnson & Johnson was ranked #58 in Forbes Global 2000 list in 2008. Two factors that enabled this firm to obtain a high rank include decent profits and high market value. Johnson & Johnson headquarters is located in New Brunswick, New Jersey.
Popular consumer brands owned by Johnson & Johnson include Band-Aid, Benadryl, Carefree, Clean & Clear, Lactaid, Motrin, Nicoderm, Pepcid, Stayfree, and Tylenol. Johnson & Johnson subsidiaries include ALZA Corporation, Cilag, Janssen Pharmaceutica, LifeScan, Inc., Penaten, and Tibotec.

Brief history
Origin of this firm goes as far back as 1885, when Robert Wood Johnson joined hands with his brothers, James and Edward, to manufacture ready-to-use surgical dressings. They manufactured their first product in 1886. In 1887, this firm was incorporated. In 1920, Johnson & Johnson ventured into consumer products. Later it also began to deal with pharmaceuticals and women's sanitary products. Recent diversification of this firm's business lines include bio-pharmaceuticals, orthopedic devices, and internet publishing.

Products and services
Johnson & Johnson offers several products in consumer, medical devices and diagnostics, and prescription segments. In consumer segment, baby care, skin and hair care, wound care, oral health care, women's health care, nutritional, and over-the-counter medicinal products are offered by Johnson & Johnson. Medical devices and diagnostics business of this firm offers products for orthopaedics, implants, joint replacements, sports medicine and trauma, and heart and vernacular diseases.

In 2007, total sales of Johnson & Johnson amounted to $64.522 billion. This firm made profits of around $12.609 billion. Total assets held by Johnson & Johnson were worth nearly $87.724 billion. Total employee count was around 119,200.

Awards and recognition
In 2008, DiversityInc identified Johnson & Johnson as one of top 50 companies for diversity. Ever since Working Mothers magazine started publishing a list of "Top 100 Companies for Working Mothers", Johnson & Johnson has always figured in it. Barron's magazine has recognized this firm as "The Most Respected Company".

Current financial crisis
Johnson & Johnson has not been much affected by global financial crisis. It registered a 30 percent rise in 2008 third-quarter profits. High sales of medical devices and consumer products have been responsible for a remarkable rise in third-quarter profits for this firm.

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