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Mead Johnson & Company is a company which was
majority owned by Bristol-Myers Squibb after an acquisition in 1967, but was
spun off in 2009 as an independent firm. Mead Johnson is a major manufacturer
of infant formula both domestically and globally with its flagship product
Enfamil. The company dates back to a firm created by Edward Mead Johnson, one
of the co-founders of Johnson & Johnson, who created his own business in
1895, which was renamed Mead Johnson & Company in 1905.
The company had global sales of $2.83 billion in
2009, with two-thirds of its revenue coming from outside the United States,
where declining birth rates have led to a reduced market share. The company is
gaining a presence in such emerging markets as the People's Republic of China,
Thailand, Malaysia, Indonesia, and Vietnam and is also starting to develop a
presence in India. Enfamil, the company's flagship brand, commanded 11.7% of
the $22.3 billion market for infant formula worldwide in 2008.
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