NEW YORK & WASHINGTON–(BUSINESS WIRE)–The international law firm Freshfields Bruckhaus Deringer LLP
(‘Freshfields’) has advised Beiersdorf AG (‘Beiersdorf’) on its
acquisition of the Coppertone business from Bayer AG. The corresponding
purchase agreement was signed yesterday by both companies. Coppertone is
among the oldest and best-known sun protection brands in the United
States. As part of the transaction, Beiersdorf will acquire the
intellectual property rights of the Coppertone business and a production
plant in Cleveland (Tennessee, United States), as well as approximately
450 employees. The transaction is valued at USD 550 million. With this
acquisition, Beiersdorf will be a leading player in the US market, which
is the world’s largest market for sun protection products.
The transaction is subject to antitrust approval by the relevant
authorities and other customary closing conditions, and is expected to
be completed in the third quarter of 2019.
Freshfields has advised Beiersdorf in all relevant legal areas with an
international team of lawyers predominantly from Germany (Dusseldorf and
Hamburg) and the United States (New York and Washington, DC).
The Freshfields team comprises:
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Partners: Stephan Waldhausen (Lead, Dusseldorf), Peter Lyons (New
York), Paul Humphreys (New York), Klaus Beucher (Dusseldorf), Uta
Itzen (Dusseldorf), Mary Lehner (Washington), Claude Stansbury
(Washington), Timothy Harkness (New York), Matthias Koch (Dusseldorf)
and Menachem Kaplan (New York). -
Associates: Milena Manos (New York), Philipp Bönig (Dusseldorf),
Daniel Lim (New York), Sascha Arnold (Hamburg), Thomas Granetzny
(Dusseldorf), Tobias Timmann (Dusseldorf), Kevin Kay (New York), Karen
Kim (New York), Patric Urbaneck (Dusseldorf), Jörg-Peter Kraack
(Hamburg), Tobias Pukropski (Dusseldorf), Tanja Temmert (Dusseldorf),
Anja Mehrtens (Dusseldorf), Julian Reinecke (Dusseldorf), Dominik
Flaig (Munich), Ya Ma (Beijing) and Marissa Yu (New York).
Notes to editors:
About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP is a global law firm with a
long-standing track record of successfully supporting the world’s
leading national and multinational corporations, financial institutions
and governments on groundbreaking and business-critical mandates. Our
2,800-plus lawyers deliver results worldwide through our own offices and
alongside leading local firms. Our commitment, local and multinational
expertise, and business know-how means our clients rely on us when it
matters most.
Contacts
In the US
Nicholle Romero
[email protected]
+1
212 284 4987
In Germany
Heiner Seidel
[email protected]
+49
69 27 30 84 25
