By
Reuters
Reuters
Published
Oct 20, 2008
Oct 20, 2008
Beiersdorf sells chemicals unit Bode to Hartmann
By
Reuters
Reuters
Published
Oct 20, 2008
Oct 20, 2008
FRANKFURT, Oct 20 (Reuters) - Nivea cream maker Beiersdorf sold its chemicals unit Bode Chemie for an undisclosed sum to Paul Hartmann AG , as it increasingly focuses on its cosmetics business, it said on Monday, October 20th.
![]() Nivéa Cream |
The deal is expected to close at the end of 2008 or the beginning of 2009, Beiersdorf said in a statement. It gave no details of the purchase price.
Beiersdorf said in July it planned to sell Bode, a specialist in disinfection, hygiene and skin protection products which reported sales of 70 million euros ($94.1 million) last year and which employs 280 staff.
Media reports said earlier that Air Liquide's subsidiary Schuelke & Mayr had also been interested in the unit.
German company Hartmann is a maker of medical and health care products. (Reporting by Eva Kuehnen; Editing by David Cowell)
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