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Nivea Owner Buys Coppertone Sun Care for $550 Million

  • Unit has sales of about $213 million, with big U.S. presence
  • Sunscreen scrutiny, competition heating up in American market
Coppertone sunscreen

Coppertone sunscreen

Photographer: Joe Raedle/Getty Images
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American sunscreen brand Coppertone has a new owner, just in time for beach season.

Beiersdorf AG agreed to buy Bayer AG’s Coppertone brand of sun-care products for $550 million, bolstering a line of skin creams that already includes the Nivea brand.