By Mauro Orru 
 

Beiersdorf AG said Tuesday that it has bought a stake in U.K.-based engineering firm Salford Valve Co.

The German maker of personal-care products said it made the investment through its Oscar & Paul Beiersdorf Venture Capital platform, although it didn't disclose financial terms.

Salford Valve Co. develops aerosol valves for use with ecologically sustainable propellants, Beiersdorf said.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

May 05, 2020 06:05 ET (10:05 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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