Haleon

Last updated

Haleon
Company type Public limited company
ISIN GB00BMX86B70
Industry
Predecessors
Founded18 July 2022;3 years ago (2022-07-18)
Headquarters Weybridge, England, United Kingdom
Area served
Worldwide
Key people
Products
Brands
RevenueDecrease2.svg £11,233 million (2024) [1]
Increase2.svg £2,206 million (2024) [1]
Increase2.svg £1,475 million (2024) [1]
Total assets Increase2.svg £34,315 million (2024) [1]
Total equity Decrease2.svg £16,224 million (2024) [1]
Number of employees
24,000 (2024) [2]
Subsidiaries Haleon Pakistan
Website www.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 per cent market share in 2022. [5]

Contents

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

History

GSK and Pfizer merged their consumer healthcare businesses in 2019. [7] [8] GSK owned just over two thirds of the joint venture, and Pfizer held the remainder. [7]

Annual sales amounted to around £10 billion across 120 markets in 2020. [5]

GSK announced plans to spin off Haleon in 2022, in order to give the "tired drugmaker extra focus and firepower by gearing up and hiving off the consumer division," according to Reuters. [9]

Unilever offered £50 billion for the business in 2022, in a bid which GSK rejected. [10] Nestlé examined the possibility of a bid in conjunction with Reckitt. [11]

In October 2023, GSK reduced its ownership share in Haleon to just over 7.4 per cent, [12] and again in January 2024 down to 4.2 per cent. [13]

The Lamisil antifungal brand was sold to Karo Healthcare AB for £235 million in August 2023; the transaction was completed in November 2023. [14] [15]

The ChapStick lip care brand was sold to Yellow Wood Partners for £401 million in 2024. [16]

In March 2024, Pfizer reduced its stake in Haleon from 32 per cent to 24 per cent by selling 630 million shares in a public offering. [17]

In April 2024 Haleon announced that it planned to close its factory in Maidenhead. [18] Toothpaste manufacturing would be relocated to Slovakia, with mouthwash production outsourced to a third party. [19]

In September 2024, the company completed the sale of its non-US Nicotine Replacement Therapy business to Dr. Reddy's Laboratories in a deal worth £458 million. [20]

In March 2025, Pfizer sold its entire stake in Haleon for approximately £2.5 billion ($3.24 billion), marking its complete exit from the consumer healthcare firm it helped create through its 2019 joint venture with GSK. [21] [22] [23]

Operations

Oral health accounted for 28.5 percent of revenue in 2021. [24]

Sir Dave Lewis is chairman, with Brian McNamara as chief executive. [25]

Brands

A selection of Aquafresh toothpaste and toothbrushes produced by Haleon Aquafresh - GSK.jpg
A selection of Aquafresh toothpaste and toothbrushes produced by Haleon

Current

Brands include: [26]

  • 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)
  • Eroxon
  • 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)
  • Imedeen
  • Iodex (pain relief)
  • Iodosan (cold and flu treatment)
  • Junior Horlicks (nutritional)
  • Loviscol (cough suppressant)
  • 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

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

References

  1. 1 2 3 4 5 "Annual results 2024" (PDF). Haleon. Retrieved 27 February 2025.
  2. ↑ "Sensodyne-maker Haleon to shut UK plant, 435 jobs to go". Reuters. 30 April 2024. Retrieved 9 February 2025.
  3. ↑ "GSK announces independent Consumer Healthcare company is to be called Haleon | GSK". www.gsk.com. 22 February 2022. Archived from the original on 21 February 2023. Retrieved 21 February 2023.
  4. ↑ Ralph, Alex (2 July 2022). "GlaxoSmithKline prepares to get back to basics with historic break-up". The Times . Archived from the original on 5 August 2023. Retrieved 4 July 2022.
  5. 1 2 Cornell, Joe (15 July 2021). "GlaxoSmithKline To Spin-Off Consumer Healthcare Business By Mid-2022". Forbes . Archived from the original on 11 February 2023. 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. 1 2 Shane, Daniel (19 December 2018). "Advil meet Excedrin: Pfizer and GSK are merging their consumer healthcare businesses". CNN . Archived from the original on 6 June 2023. Retrieved 10 June 2022.
  8. ↑ "Haleon Won't Indemnify Pfizer, GSK Over Zantac. Shares Are Up". Barron's. 20 September 2022. Archived from the original on 10 November 2022. Retrieved 17 December 2022.
  9. ↑ Donnellan, Aimee (9 June 2022). "GSK castoff starts life with target on its back". Reuters . Archived from the original on 22 September 2022. Retrieved 10 June 2022.
  10. ↑ Jolly, Jasper (19 January 2022). "Unilever will not increase £50bn offer for GSK consumer arm". The Guardian . Archived from the original on 18 October 2022. Retrieved 10 June 2022.
  11. ↑ "Nestle Eyed Biggest-Ever Deal in Aborted Move for GSK Unit". Bloomberg News . 25 May 2022. Archived from the original on 30 April 2023. Retrieved 10 June 2022.
  12. ↑ "GSK raises $1.1 billion from Haleon stake sale". Reuters. 6 October 2023. Archived from the original on 7 October 2023. Retrieved 9 October 2023.
  13. ↑ "GSK raises $1.24 bln from latest Haleon stake sale". Reuters. 17 January 2024. Retrieved 18 January 2024.
  14. ↑ Healthcare, Karo (2 August 2023). "Karo Healthcare acquires the Global OTC brand Lamisil® from Haleon". Karo Healthcare. Archived from the original on 5 June 2024. Retrieved 5 June 2024.
  15. ↑ Healthcare, Karo (1 November 2023). "Karo Healthcare completes the acquisition of the rights to the Global OTC brand Lamisil® from Haleon". Karo Healthcare. Archived from the original on 5 June 2024. Retrieved 5 June 2024.
  16. ↑ Williams, Holly (25 January 2024). "Haleon offloads ChapStick lip balm brand in £401m deal". The Standard. Archived from the original on 20 February 2024. Retrieved 20 February 2024.
  17. ↑ "Pfizer to cut stake in Sensodyne toothpaste-maker Haleon to 24%". Yahoo Finance. 18 March 2024. Archived from the original on 19 March 2024. Retrieved 19 March 2024.
  18. ↑ Briant, Nathan (30 April 2024). "Sensodyne maker set to cut 435 jobs". BBC News. Archived from the original on 8 May 2024. Retrieved 8 May 2024.
  19. ↑ Mathews, Eva (30 April 2024). "Sensodyne-maker Haleon to shut UK plant, 435 jobs to go". Reuters. Retrieved 8 May 2024.
  20. ↑ "Dr Reddy's Laboratories completes acquisition of Haleon's NRT portfolio". Press Trust of India . Business Standard. 30 September 2024. Archived from the original on 29 October 2024. Retrieved 25 November 2024.
  21. ↑ "Pfizer sells entire Haleon stake for $3.24 billion". Reuters .
  22. ↑ "Pfizer sells entire Haleon stake for £2.5 billion". 19 March 2025.{{cite journal}}: Cite journal requires |journal= (help)
  23. ↑ Desk, Monitoring (19 March 2025). "Pfizer offloads Haleon shares in $3.24 billion deal". Profit by Pakistan Today. Retrieved 20 March 2025.{{cite web}}: |last= has generic name (help)
  24. ↑ "Update: Proposed demerger of the Consumer Healthcare business from GSK to form Haleon". GSK. 6 January 2022. Archived from the original on 29 March 2023. Retrieved 10 June 2022.
  25. ↑ Kleinman, Mark (3 May 2022). "GSK's £45bn Panadol and Sensodyne-maker Haleon in talks to hire banks". Sky News . Archived from the original on 11 February 2023. Retrieved 10 June 2022.
  26. ↑ "Our Consumer Healthcare Brands". Haleon. Archived from the original on 2 August 2023. Retrieved 19 July 2022.
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