Ci:z Holdings Co., is a Japanese company focused on the marketing, development and distribution of a dermocosmetic, cosmetic and skincare products.
Johnson & Johnson said in a prepared statement the skin care portfolio is expected to strengthen its market presence in Japan with key customers, and more broadly bolster its offering in science-based, efficacious dermocosmetic brands.
"Health and beauty consumers are actively seeking science-based innovation to improve their skin. This transaction will maximize value creation for Johnson & Johnson's Consumer business by bringing in an agile innovation model and rapidly accelerating sales through our global commercialization expertise," Jorge Mesquita, worldwide chairman, Johnson & Johnson Consumer, said in the statement.
Johnson & Johnson said that it expects to launch the tender offer on Oct. 29. The offer is expected to close in the first quarter of 2019.