Johnson & Johnson (J&J) declared the completion of its previously announced acquisition of Mentor Corporation, a leading supplier of medical products for the global aesthetic market. Mentor is expected to operate as a stand-alone business unit reporting through Ethicon, Inc, a Johnson & Johnson company and a leading provider of suture, mesh and other products for a wide range of surgical procedures.
According to Gary Pruden, Company Group chairman, J&J, with responsibility for the Ethicon Franchise, "Mentor will become the cornerstone of a broader Johnson & Johnson strategy for aesthetic medicine -- serving both consumers and medical professionals. We will use our combined strengths and experience to build a market-leading aesthetic business that capitalizes on Johnson & Johnson's broad-based commercial capabilities, worldwide surgical care footprint, and clinical scientific capabilities."