NEW YORK—Covington advised Bayer in a definitive agreement to sell its Coppertone™ business to Beiersdorf AG, a provider of skin care products, for $550 million.
Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to benefit people by supporting efforts to overcome the major challenges presented by a growing and aging global population.
Founded in 1944, Coppertone™ was the first sun care brand launched in the U.S. market. The Coppertone™ business is headquartered in Whippany, New Jersey, and present in the U.S., Canada, and China.
The Covington deal team included Peter Laveran-Stiebar, Allison Schiffman, Lauren Shor, and Samantha Kobbe (corporate), Van Ellis, Marie Lavalleye, and Priscilla Combari (intellectual property), Heather Haberl (real estate), Kevin Zaragoza, Ansgar Simon, and Jon Endean (tax), James O'Connell and Habin Chung (antitrust), William Woolston and Ning Lu (benefits), Denise Esposito and Anna Zhao (life sciences regulatory), Donald Elliott and John Mizerak (environmental), Michael Nonaka (bank regulatory), Kim Strosnider and Joshua Williams (trade and control), Elizabeth Canter and Hannah Lepow (privacy/data security), Ashley Sprague (anti-corruption), Mark Plotkin and Ruchi Gill (CFIUS), and Marty Myers and David Luttinger (insurance).
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