Essity acquires sports tape brands from Johnson & Johnson Consumer Inc.
Hygiene and health company Essity has acquired Johnson & Johnson Consumer Inc.’s professional sports tape brands Coach, Elastikon and Zonas, which are established premium products in the US market. Essity is a global market leader in taping and strapping and following the acquisition the company will also become leading among US sports medicine distributors. The purchase price is not material 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