Reckitt (LSE: RKT) is a publicly listed company headquartered in Slough, United Kingdom that owns 20 consumer brands across 4 categories, and has 2 recorded transactions.[1]
Reckitt was formed in 1999 by the merger of Britain's Reckitt & Colman with the Dutch-German Benckiser. It concentrates on hygiene, health and nutrition, and has been shrinking its portfolio since a difficult acquisition of infant formula maker Mead Johnson in 2017.
Reckitt Benckiser acquired infant formula maker Mead Johnson Nutrition for $90 a share, its largest deal. The acquisition later required substantial write-downs and Reckitt sold the China infant nutrition business in 2021.
McCormick bought French's mustard and Frank's RedHot from Reckitt Benckiser, which had inherited the food business through Reckitt & Colman and was selling it to fund its purchase of Mead Johnson. It was McCormick's largest acquisition.