 "CCI clears acquisition of Johnson & Johnson's two brands by ITC")
Savlon is an antiseptic brand while Shower To Shower is a personal care product brand.
In a tweet today, the Competition Commission of India (CCI) said that it has approved "acquisition of Savlon and Shower to Shower brands by ITC".
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According to the notice submitted to CCI, ITC would acquire Savlon with "certain attendant inventories, know-how, molds and promotional materials" from Johnson & Johnson Private Ltd.
The FMCG major would also acquire the Shower to Shower brand along with "certain know-how and promotional materials" from Johnson & Johnson PTE.
ITC is a multi-business enterprise having presence in fast moving consumer goods (FMCG), hotels, agri-business, among others.
Johnson & Johnson Private Ltd and Johnson & Johnson PTE are part of US-based Johnson & Johnson Inc, which is engaged in the business of consumer healthcare products, pharmaceuticals and medical devices.