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 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 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) 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 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