Reckitt Benckiser Group, the world's largest maker of consumer health and hygiene products, is buying Mead Johnson Nutrition Co., which makes infant formula and nutritional products at a plant in Zeeland.
Mead Johnson, which develops, manufactures, markets and distributes more than 70 products in over 50 markets worldwide, employs about 350 at its plant in Zeeland - one of the company's two U.S. plants and 12 plants worldwide.
The deal, which will pay $90 per share to Mead Johnson shareholders, is valued at an estimated $17.9 million. The deal is expected to close by the end of the third quarter.