Beiersdorf interested in Bayer's Coppertone and Dr. Scholl's brands - report (translated)
07 DEC 2018
Beiersdorf [ETR: BEI], the German consumer goods group, is interested in Bayer's [ETR:BAYN] Coppertone sun care and Dr. Scholl's foot care product lines, Lebensmittel Zeitung reported. Without revealing its source, the German weekly trade publication said it had learned that Beiersdorf is interested in the brands.
The report said Coppertone and Dr. Scholl's have combined sales of EUR 419m and a large presence in the US and would therefore be a good fit for Beiersdorf. Beiersdorf is a market leader in sun cream but does not have a presence in the US, the report noted.