Thursday, July 04, 2019

Cade approves Coppertone purchase by Beiersdorf

The general Superintendence of the Administrative Council for Economic Defense (Cade) approved the sale of Bayer's Coppertone sunscreen brand to Beiersdorf. Beiersdorf is a cosmetics company of German origin that has Nivea as the main brand of its portfolio. The operation was announced on May 13, with Beiersdorf disbursing US $550 million by Coppertone. According to a statement published by Beiersdorf, Coppertone generated sales of US $213 million last year.
Giro News - 03/07/2019 News Item translated automatically
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