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Covington Advises Procter & Gamble On Sale of ThermaCare

7/17/2008

NEW YORK, NY, July 17, 2008 — Wyeth Consumer Healthcare, a division of Wyeth, announced that it signed an agreement to purchase ThermaCare, a leading over-the-counter heat wrap, from Procter & Gamble. Covington & Burling LLP advised Procter & Gamble on the transaction.

Introduced in the United States in 2002, ThermaCare Heat Wraps use heat therapy to relieve minor arthritis, muscle, joint and menstrual pain. The ThermaCare line currently contains six products: heat wraps for the lower back and hips, and neck and shoulders; heat patches for menstrual pain; and heat wraps for arthritis in the hands and wrists, knees and elbows, and neck and shoulders. ThermaCare is currently sold in the United States, Canada, Germany, the United Kingdom, Ireland, Switzerland and Austria. The heat wraps are manufactured in Albany, Georgia, in a facility that will be maintained by Wyeth after the transaction closes.

The Covington corporate team consisted of New York-based partner Peter Schwartz and associate Andrew Hyman. The Covington team also included partner Lee Tiedrich and special counsel Marie Lavalleye (intellectual property), partner Robert Newman and associate Katherine Mineka (employee benefits), partner James Dean and associates Stephen Rodger and Andrew Lamb (antitrust) and associate Scott Cunningham (regulatory), all based in the firm’s Washington office.

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