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Reckitt Benckiser

Companies/United Kingdom  •  Curated by Admin Timeline.sg

Reckitt Benckiser is a British multinational consumer goods company formed in 1999 by the merger of Reckitt & Colman and Benckiser NV. Tracing its roots to the 19th century, it has grown through iconic brands like Dettol, Lysol, and Nurofen, and strategic acquisitions such as Mead Johnson and K-Y.

Chronological Storyline (31 Milestones)

1814 CE

Isaac Reckitt establishes a starch business in Hull

Isaac Reckitt founds a starch and laundry blue business in Hull, England, laying the foundation for Reckitt & Sons. #history #business

Isaac Reckitt establishes a starch business in Hull
Isaac Reckitt establishes a starch business in Hull
By Reckitt - https://www.reckitt.com/, PD, https://en.wikipedia.org/w/index.php?curid=75551243
1840 CE

Reckitt expands into household products

Under Isaac's sons, the company diversifies into household cleaning products, including Reckitt's Blue, a laundry whitener. #business #innovation

1854 CE

Johan Benckiser starts a chemical plant in Germany

Johan Benckiser establishes a chemical factory in Pforzheim, Germany, focusing on industrial chemicals. #history #chemicals

1868 CE

Reckitt & Sons incorporates as a limited company

The Reckitt family business is formally incorporated as Reckitt & Sons, Ltd. #corporate

1882 CE

Benckiser expands into cleaning and personal care

Benckiser begins producing cleaning products and personal care items, launching brands like Calgon water softener. #expansion #consumer

1899 CE

Reckitt acquires Dettol brand

Reckitt & Sons acquires the antiseptic brand Dettol, which becomes a global household name. #acquisition #healthcare

1925 CE

Reckitt & Sons merges with J. & J. Colman to form Reckitt & Colman

Reckitt & Sons merges with food and condiment maker J. & J. Colman, creating Reckitt & Colman plc. #merger #food

1938 CE

Benckiser acquires a stake in Calgon

Benckiser NV acquires a controlling interest in Calgon, a water softener brand, strengthening its position in household products. #acquisition

1954 CE

Reckitt & Colman launches Nurofen

Nurofen, a new ibuprofen-based painkiller, is launched by Reckitt & Colman in the UK. #pharmaceuticals #innovation

1960 CE

Reckitt & Colman expands to the US with Airwick acquisition

Reckitt & Colman acquires Airwick, an American air freshener brand, entering the US market. #expansion #acquisition

1985 CE

Benckiser goes public on the Amsterdam Stock Exchange

Benckiser NV lists on the Amsterdam Stock Exchange, raising capital for further expansion. #finance #IPO

1991 CE

Reckitt & Colman acquires L&F Household Products

Reckitt & Colman buys the household division of American Cyanamid, adding brands like Lysol. #acquisition #homecare

Dec 1, 1999 CE

Merger of Reckitt & Colman and Benckiser NV forms Reckitt Benckiser

Reckitt & Colman plc merges with Benckiser NV to create Reckitt Benckiser plc, a global consumer goods giant. #merger #corporate

2000 CE

Launch of Cillit Bang cleaning product

Reckitt Benckiser launches Cillit Bang, a powerful cleaner that becomes a major success. #innovation #product

2003 CE

Acquisition of Boots Healthcare International

Reckitt Benckiser acquires Boots Healthcare International for £1.9 billion, gaining brands like Clearasil, Nurofen, and Strepsils. #acquisition #healthcare

Acquisition of Boots Healthcare International
Acquisition of Boots Healthcare International
By Walgreens Boots Alliance - https://www.boots.com/resource/blob/820348/be8c4fee01349b466ac337208f6d3a4b/services-boots-for-business-corporate-flu-jab-brochure-data.pdf, PD, https://en.wikipedia.org/w/index.php?curid=63521733
2005 CE

Acquisition of Adams Respiratory Therapeutics (Mucinex)

Reckitt Benckiser acquires Adams Respiratory Therapeutics, adding the Mucinex brand to its portfolio. #acquisition #pharma

Acquisition of Adams Respiratory Therapeutics (Mucinex)
Acquisition of Adams Respiratory Therapeutics (Mucinex)
By Fvasconcellos - Own work, Public domain, https://commons.wikimedia.org/w/index.php?curid=1080868
2008 CE

Acquisition of Paras Pharmaceuticals in India

Reckitt Benckiser buys Paras Pharmaceuticals, strengthening its presence in India with brands like Dettol and Moov. #acquisition #India

2010 CE

Acquisition of SSL International (Durex, Scholl)

Reckitt Benckiser acquires SSL International for £2.5 billion, adding condom brand Durex and foot care brand Scholl. #acquisition #consumer

2012 CE

Chief Executive Bart Becht steps down

Bart Becht, CEO who led Reckitt Benckiser through major growth, resigns. Rakesh Kapoor succeeds him. #leadership #corporate

2014 CE

Acquisition of K-Y brand from Johnson & Johnson

Reckitt Benckiser acquires the K-Y personal lubricant brand for about £200 million. #acquisition #personalcare

Acquisition of K-Y brand from Johnson & Johnson
Acquisition of K-Y brand from Johnson & Johnson
By Reckitt Benckiser - https://www.underconsideration.com/brandnew/archives/ky_jelly_logo.png, Public domain, https://commons.wikimedia.org/w/index.php?curid=92252126
2016 CE

Acquisition of Mead Johnson Nutrition

Reckitt Benckiser acquires Mead Johnson Nutrition, maker of Enfamil infant formula, for $17.9 billion. #acquisition #nutrition

2017 CE

Acquisition of Schiff Nutrition International

Reckitt Benckiser buys Schiff Nutrition, a vitamins and supplements company, for £613 million. #acquisition #health

2018 CE

Divestiture of food business to McCormick & Company

Reckitt Benckiser sells its food division (French's Mustard, Frank's RedHot) to McCormick & Company for $4.2 billion. #divestiture #food

Sep 1, 2019 CE

Laxman Narasimhan becomes CEO

Laxman Narasimhan takes over as CEO, succeeding Rakesh Kapoor. #leadership

2019 CE

Reckitt Benckiser named one of the world's most ethical companies

Reckitt Benckiser is recognized by Ethisphere Institute as one of the World's Most Ethical Companies. #ethics #recognition

2020 CE

Increased demand for disinfectants due to COVID-19 pandemic

Reckitt Benckiser sees surge in sales of Dettol, Lysol, and other disinfectant products during the COVID-19 pandemic. #covid19 #business

2021 CE

Divestiture of Lypsyl and Pickering brands

Reckitt Benckiser sells its Lypsyl and Pickering brands as part of portfolio simplification. #divestiture

2022 CE

CEO Laxman Narasimhan departs for Starbucks

Laxman Narasimhan leaves Reckitt Benckiser to become CEO of Starbucks; Nicandro Durante becomes interim CEO. #leadership

Jun 1, 2023 CE

Kris Licht becomes CEO

Kris Licht, a long-time Reckitt executive, is appointed Chief Executive Officer. #leadership #corporate

2023 CE

Reckitt Benckiser ranks 116th in Forbes Global 2000

Reckitt Benckiser is listed 116th on the Forbes Global 2000 list of the world's largest public companies. #finance #ranking

2024 CE

Continued focus on health and hygiene portfolio

Reckitt Benckiser continues to streamline its business, focusing on health, hygiene, and nutrition brands. #strategy