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news.Wyeth Consumer Healthcare, a division of Wyeth, has signed an agreement to purchase ThermaCare, an over-the-counter heat wrap, from Procter & Gamble. The transaction is expected to close within the next few months.
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ThermaCare will join the company’s pain franchise that includes Advil – one of the world’s leading oral pain relievers – and will enhance Wyeth’s global position in pain management.
The heat wraps are manufactured in Albany, Georgia in a facility that will be maintained by Wyeth after the transaction closes. The employees who manufacture ThermaCare at the existing Albany Procter & Gamble facility will become Wyeth Consumer Healthcare employees with the transition of facility operations to Wyeth.
Cavan Redmond, president of Wyeth Consumer Healthcare, said: “ThermaCare is a great brand and a strategic fit for our pain management franchise. We are excited about the brand’s growth potential. Millions of consumers have relied on ThermaCare for consistent, uniform heat to help them be as active as they want to be.”