USA: Kimberly-Clark to acquire Kenvue
US-based household firm Kimberly-Clark has announced the acquisition of leading global consumer health firm Kenvue for $32 billion. Kenvue is described as the world’s leading consumer health company by revenue, housing science-backed brands such as Aveeno, Band-Aid, Johnson’s, Listerine, Neutrogena and Tylenol. Commenting on the move, Kimberly-Clark chairman and chief executive officer Mike Hsu said: “Kenvue […]
Netherlands: Suzano, Kimberly-Clark announce joint venture
Suzano, the world’s largest pulp producer, and Kimberly-Clark, the global leader in the consumer staples industry, have announced that the companies are partnering to create a $3.4 billion joint venture to manufacture, market and distribute consumer and professional tissue products worldwide. In a press release, Suzano said it would pay $1.734 billion to Kimberly-Clark for […]
Nigeria: Kimberly-Clark exits with factory closure
US based household paper firm Kimberly-Clark has announced the closure of its nappy factory in Ikorodu, Lagos, and with it the company’s exit from Nigeria, Trend Type reports. According to sources, the factory is shutting its doors just two years after opening, having been operating at below capacity since 2023. Kimblerly-Clark is said to have […]
Australia: Kimberly-Clark opens distribution centre in Victoria
Leading household paper firm Kimberly-Clark has announced an expansion of its operational capability in Australia with the opening of a “state-of-the-art” distribution centre in Ravenhall, Victoria. According to sources, the 23,000 sq m facility is the company’s second largest in Australia and the first of several investments planned to offer faster and more efficient services […]
Indonesia: Kimberly-Clark to acquire Softex Indonesia
US-based household firm Kimberly-Clark has announced the acquisition of personal care manufacturer Softex Indonesia for $1.2 billion. Present in Indonesia since 1976, Softex is described as a producer of hygiene products for children, woman, and adults, with nappies being its most important category. According to Kimberly-Clark, the acquisition of Softex will allow the company to “boost its presence […]
Brazil: Kimberly-Clark to close plant in Rio Grande do Sul
US based household paper firm Kimberly-Clark has announced its intention to close its plant in Eldorado do Sul, Rio Grande do Sul, Brazil. The closure is part of a restructuring plan announced in 2018. According to Jornal do Comercio, 260 direct and indirect jobs will be affected by the decision, which is linked to Kimberly-Clark’s […]
USA: Kimberly-Clark announces restructuring plans
US based personal care firm Kimberly-Clark has announced plans to restructure the business, including reorganizing its manufacturing operations. Announcing the move alongside its annual financial statements, the Huggies and Kotex brand owner said it intended to cut around 5,500 jobs and to close 10 manufacturing plants as part of the restructuring process. The firm said […]
USA: Kimberly-Clark reports 2014 results
Kimberly-Clark, which is active in markets including household paper and baby care, has reported stable revenues for the 2014 calendar year. Sales of $19.7 billion were 1% higher than 2013 and organic sales rose 4%. Operating profit was down to $2,521 million in 2014 from $2,903 million in 2013, although adjusted operating profit increased 5% […]
USA: Kimberly-Clark reports flat sales in Q4 2013
Kimberly-Clark has reported global sales of $5.3 billion for Q4 2013, showing no change on the same period of 2012. Organic sales for the period were 5% up on the previous year, with K-C International sales rising by 11%. Operating profit was $822 million versus $449 million in 2012, with adjusted operating profit, excluding restructuring costs for […]