STOCKHOLM, November 1, 2021 / PRNewswire / – Hygiene and health company Essity has acquired the Coach, Elastikon and Zonas professional sports tape brands from Johnson & Johnson Consumer Inc., which are high-end products well established in the US market. Essity is a world leader in the adhesive tape and strapping market and following the acquisition, the company will also become a leader among US sports drug distributors. The purchase price is not significant relative to Essity’s market capitalization and is not disclosed.
Coach, Elastikon and Zonas are three highly respected brands in the US market. The products are mainly sold through sports medicine distributors to schools, sports clubs and professional sports teams. The brands have a strong reputation and are considered high-end products in the world of sport. Elastikon is produced by Essity and Coach and Zonas will be added to in-house production in the future.
“Growth through acquisitions in Medical Solutions is a key strategic priority. The US tape and strapping market is the largest in the world, and Essity is now taking a larger share of that market. The acquisition of the Johnson & Johnson ‘Consumer Inc sports tape brands will make Essity the leader in duct tape and strapping among US sports drug distributors. The acquisition also opens up opportunities for our existing product line, ”says Ulrika Kolsrud, President of Healthcare and Medical Solutions, Essity.
Coach, Elastikon and Zonas will be part of Essity’s Medical Solutions business, which provides innovative and high-quality medical products and solutions in the fields of compression, wound care and orthopedics. With global brands such as Leukoplast, JOBST, Cutimed, Actimove and Delta-Cast, Essity holds strong market positions in many therapeutic areas.
For more information, please contact:
Karl Stoltz, Press Relations Manager, +46 8 788 51 55
Johan karlsson, Vice-President Investor Relations, +46 8 788 51 30
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