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Haleon

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Haleon plc
Company typePublic limited company
ISINGB00BMX86B70
Industry
Predecessors
Founded18 July 2022; 2 years ago (2022-07-18)
HeadquartersWeybridge, England, United Kingdom
Area served
Worldwide
Key people
Products
Brands
RevenueIncrease £11,302 million (2023)[1]
Increase £1,996 million (2023)[1]
Decrease £1,111 million (2023)[1]
Total assetsDecrease £34,055 million (2023)[1]
Total equityIncrease £16,729 million (2023)[1]
Number of employees
24,000 (2023)[2]
Websitewww.haleon.com

Haleon plc is a British multinational consumer healthcare company with headquarters in Weybridge, England.[3] It is one of the largest consumer healthcare businesses in the world, with brands including Sensodyne toothpaste, Panadol and Advil painkillers and Centrum vitamins.[4] The company was projected to be a global leader in over the counter medicines with a 7.3 percent market share in 2022.[5]

Haleon was established on 18 July 2022 as a corporate spin-off from GSK.[6]

Sir David Lewis is chairman, with Brian McNamara as CEO.[7] Haleon is listed on the London Stock Exchange and is a component of the FTSE 100, with a secondary listing on the New York Stock Exchange. Annual sales amounted to around £10 billion across 120 markets in 2020.[5]

History

[edit]

GSK and Pfizer merged their consumer healthcare businesses in 2019.[8][9] GSK owned just over two thirds of the joint venture, and Pfizer held the remainder.[8]

GSK announced plans to spin off Haleon in 2018, in order to give the "tired drugmaker extra focus and firepower by gearing up and hiving off the consumer division".[10]

Unilever offered £50 billion for the business in 2022, in a bid which GSK rejected.[11] Nestlé examined the possibility of a bid in conjunction with Reckitt.[12]

In October 2023, GSK reduced its ownership share in Haleon to just over 7.4%,[13] and again in January 2024 down to 4.2%.[14]

The Lamisil antifungal brand was sold to Karo Healthcare AB for £235 million in August 2023; the transaction was completed in November 2023.[15][16]

The ChapStick lip care brand was sold to Yellow Wood Partners for £401 million in 2024.[17]

In March 2024, Pfizer reduced its stake in Haleon from 32% to 24% by selling 630 million shares in a public offering.[18]

In April 2024 Haleon announced that it planned to close its factory in Maidenhead.[19] Toothpaste manufacturing would be relocated to Slovakia, with mouthwash production outsourced to a third-party.[20]

In June 2024, the company announced the sale of its non-US nicotine brands to Dr. Reddy's Laboratories in a deal worth £500 million.[21][22]

Operations

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Oral health accounted for 28.5 percent of revenue in 2021.[23]

Brands

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A selection of Aquafresh toothpaste and toothbrushes produced by Haleon

Current

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Brands include:[24]

  • Abreva (Docosanol)
  • Advil (Ibuprofen)
  • alli (Orlistat)
  • Anadin (pain relief)
  • Aquafresh (oral healthcare)
  • Astring-o-Sol (oral healthcare)
  • Be-Total (leader in vitamins market in Italy)
  • Beechams Cold & Flu and Night/Day Nurse (cold and flu treatments)
  • Biotene (oral healthcare)
  • Boost (nutritional)
  • Breathe Right (respiratory)
  • Centrum (vitamins and naturals)
  • Cetebe (vitamins and naturals)
  • Chlorhexamed (oral healthcare)
  • Cholinex (analgesics and respiratory tract)
  • Citrucel (gastrointestinal)
  • Coldrex (cold and flu treatment)
  • Commit Lozenge (smoking cessation)
  • Committed Quitters (nicotine replacement)
  • Corega (oral healthcare)
  • Corsodyl (oral healthcare)
  • Crocin (analgesics and respiratory tract)
  • Dr. Best (oral healthcare)
  • Emergen-C
  • ENO (gastrointestinal)
  • Eumovate (dermatological)
  • Excedrin
  • Fenistil
  • Fenbid (analgesics and respiratory tract)
  • Flonase (fluticasone propionate)
  • Foodles (noodles), origin: India
  • Formigran (analgesic/triptan)
  • Grand-PA (headache/toothache/pain and fever)
  • Hinds (dermatological)
  • Junior Horlicks (nutritional)
  • Imedeen
  • Iodex (pain relief)
  • Iodosan (cold and flu treatment)
  • Macleans (oral healthcare)
  • Maltova (nutritional)
  • Maxinutrition (nutritional)
  • Med-Lemon (hot, cold and flu medication)
  • Medacalm (vitamins and naturals)
  • Nexium Control (esomeprazole)
  • Nicorette (nicotine replacement)
  • Night Nurse (cold and flu remedy)
  • NiQuitin CQ/ Nicoderm CQ/ Nicabate (nicotine replacement)
  • Odol (oral healthcare)
  • Odol-med3 (oral healthcare)
  • Os-cal (oral healthcare)
  • Otrivin/Otrivine (xylometazoline)
  • Panadeine (analgesics and respiratory tract)
  • Panadol/Panodil (analgesics and respiratory tract)
  • parodontax (oral healthcare)
  • Piriton/Piriteze/Pirinase (anti-allergy)
  • Polident (oral healthcare)
  • Poligrip Ultra (oral healthcare)
  • Robitussin (respiratory)
  • Rutinoscorbin (vitamins and naturals)
  • Scott's Emulsion (vitamins and naturals)
  • Sensodyne (oral healthcare)
  • Shumitect (oral healthcare)
  • Solpadeine (analgesics and respiratory tract)
  • Super Poligrip (oral healthcare)
  • Super Wernet's (oral healthcare)
  • Synthol (oral healthcare)
  • Theraflu (Respiratory)
  • Tums (gastrointestinal)
  • Viva (vitamins and naturals), origin: Nepal
  • Voltaren/Voltarol (anti inflammatory)
  • Zovirax (dermatological)

Divested

[edit]
  • Lamisil (terbinafine) (sold to Karo Healthcare in 2023)
  • ChapStick (sold to Yellow Wood Partners in 2024)
  • Nicotinell (sold to Dr Reddy's Laboratories in 2024)

References

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  1. ^ a b c d e "Annual results 2023" (PDF). Haleon. Retrieved 29 February 2024.
  2. ^ "Haleon plots massive layoffs in UK and beyond to save costs: report". Fierce Pharma. 13 July 2023. Retrieved 11 February 2024.
  3. ^ "GSK announces independent Consumer Healthcare company is to be called Haleon | GSK". www.gsk.com. 22 February 2022. Retrieved 21 February 2023.
  4. ^ Ralph, Alex (2 July 2022). "GlaxoSmithKline prepares to get back to basics with historic break-up". The Times. Retrieved 4 July 2022.
  5. ^ a b Cornell, Joe (15 July 2021). "GlaxoSmithKline To Spin-Off Consumer Healthcare Business By Mid-2022". Forbes. Retrieved 10 June 2022.
  6. ^ "Prospectus" (PDF). GSK plc. p. 15. Archived from the original (PDF) on 1 June 2022. Retrieved 10 June 2022.
  7. ^ Kleinman, Mark (3 May 2022). "GSK's £45bn Panadol and Sensodyne-maker Haleon in talks to hire banks". Sky News. Retrieved 10 June 2022.
  8. ^ a b Shane, Daniel (19 December 2018). "Advil meet Excedrin: Pfizer and GSK are merging their consumer healthcare businesses". CNN. Retrieved 10 June 2022.
  9. ^ "Haleon Won't Indemnify Pfizer, GSK Over Zantac. Shares Are Up". Barron's. 20 September 2022. Retrieved 17 December 2022.
  10. ^ Donnellan, Aimee (9 June 2022). "GSK castoff starts life with target on its back". Reuters. Retrieved 10 June 2022.
  11. ^ Jolly, Jasper (19 January 2022). "Unilever will not increase £50bn offer for GSK consumer arm". The Guardian. Retrieved 10 June 2022.
  12. ^ "Nestle Eyed Biggest-Ever Deal in Aborted Move for GSK Unit". Bloomberg News. 25 May 2022. Retrieved 10 June 2022.
  13. ^ "GSK raises $1.1 billion from Haleon stake sale". Reuters. 6 October 2023. Retrieved 9 October 2023.
  14. ^ "GSK raises $1.24 bln from latest Haleon stake sale". Reuters. 17 January 2024. Retrieved 18 January 2024.
  15. ^ Healthcare, Karo (2 August 2023). "Karo Healthcare acquires the Global OTC brand Lamisil® from Haleon". Karo Healthcare. Retrieved 5 June 2024.
  16. ^ Healthcare, Karo (1 November 2023). "Karo Healthcare completes the acquisition of the rights to the Global OTC brand Lamisil® from Haleon". Karo Healthcare. Retrieved 5 June 2024.
  17. ^ Williams, Holly (25 January 2024). "Haleon offloads ChapStick lip balm brand in £401m deal". The Standard. Retrieved 20 February 2024.
  18. ^ "Pfizer to cut stake in Sensodyne toothpaste-maker Haleon to 24%". Yahoo Finance. 18 March 2024. Retrieved 19 March 2024.
  19. ^ Briant, Nathan (30 April 2024). "Sensodyne maker set to cut 435 jobs". BBC News. Retrieved 8 May 2024.
  20. ^ Mathews, Eva (30 April 2024). "Sensodyne-maker Haleon to shut UK plant, 435 jobs to go". Reuters. Retrieved 8 May 2024.
  21. ^ Ralph, Alex (27 June 2024). "Haleon quits nicotine replacement with £500m sale of brands". www.thetimes.com. Retrieved 27 June 2024.
  22. ^ "London Stock Exchange | London Stock Exchange". www.londonstockexchange.com. Retrieved 27 June 2024.
  23. ^ "Update: Proposed demerger of the Consumer Healthcare business from GSK to form Haleon". GSK. 6 January 2022. Retrieved 10 June 2022.
  24. ^ "Our Consumer Healthcare Brands". Haleon. Retrieved 19 July 2022.
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