Beiersdorf, the maker of Nivea and other skin care brands, is buying U.S. sun ca...
FILE PHOTO: Nivea tins are seen in a production line at the plant of German personal-care company Beiersdorf in Hamburg, Germany March 3, 2017. REUTERS/Fabian Bimmer/File Photo
Beiersdorf said in a statement that Coppertone had sales of around $213 million in 2018. It said the transaction was subject to approval by merger control authorities, but should be closed in the third quarter. In the first quarter, Beiersdorf’s sales growth in North America lagged most of the rest of the group, rising 3.7 percent after stripping out currency effects, versus 6 percent overall.
Beiersdorf’s Nivea Sun is a leading sun care brand in Europe and its Eucerin brand also makes sun care products.
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