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British multinational consumer healthcare company From Wikipedia, the free encyclopedia
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]
Company type | Public limited company |
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ISIN | GB00BMX86B70 |
Industry | |
Predecessors | |
Founded | 18 July 2022 |
Headquarters | Weybridge, England, United Kingdom |
Area served | Worldwide |
Key people |
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Products |
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Brands | |
Revenue | £11,302 million (2023)[1] |
£1,996 million (2023)[1] | |
£1,111 million (2023)[1] | |
Total assets | £34,055 million (2023)[1] |
Total equity | £16,729 million (2023)[1] |
Number of employees | 24,000 (2023)[2] |
Website | www |
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]
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 on 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]
Oral health accounted for 28.5 percent of revenue in 2021.[23]
Brands include:[24]
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