Who Owns Similac?
Similac is owned by Abbott Laboratories (NYSE: ABT), an American multinational health care company. Similac was introduced in 1925 and is the largest infant formula brand in the United States, with approximately 35-40% market share. A voluntary recall in 2022 of products manufactured at Abbott's Sturgis, Michigan facility contributed to a nationwide infant formula shortage.
Parent Company
Unknown
Founded
1925
Status
Private
Headquarters
North Chicago, Illinois, USA
Who Owns Similac?
History of Similac
- Founded: 1925
- Founders: Abbott Laboratories
Similac was introduced in 1925 by Abbott Laboratories as one of the first commercially manufactured infant formulas. The name is derived from "similar to lacation" (similar to lactation). The product was initially distributed primarily through physicians and pharmacies as a medical product.
Over the following decades, Similac evolved in formulation as nutritional science advanced and as commercial infant formula became mainstream in the United States. Abbott invested heavily in clinical research and hospital relationships to maintain Similac's professional recommendation advantage.
The 2022 recall was the most consequential event in Similac's recent history. In February 2022, Abbott voluntarily recalled Similac, Alimentum, and EleCare products manufactured at its Sturgis, Michigan plant following an FDA investigation that found conditions at the facility that could allow the growth of Cronobacter sakazakii bacteria. The Sturgis facility closure caused the most acute infant formula shortage in US history, with shelves empty across the country for months. Abbott invested substantially in remediation and a new manufacturing facility in Ohio following the recall.
About
- Founded:
- Headquarters:
- Company Type: Privately Held
Where Is Similac Made / Based?
- Headquarters: North Chicago, Illinois, USA
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No direct competitors found in the same category. This could be because Similacoperates in a unique market segment or we're still building our competitor database.
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