Kimberly-Clark has in an SEC filing updated investors on its previously announced agreement with Suzano S.Ato form a global joint venture that combines substantially all of Kimberly-Clark's. The agreement will form an international consumer and professional tissue products company with an enterprise value of about $3.4 billion.
According to the agreement, Suzano will acquire a 51% interest in the new entity for approximately 1.7 billion dollars in cash, while Kimberly-Clark will hold a 49% equity stake and deconsolidate the IFP business.
The joint venture will own Kimberly-Clark’s non-U.S. consumer tissue and professional operations, which includes 9000 employees and 22 manufacturing facilities across Europe, Asia, the Middle East, South and Central America, Africa, and Oceania, and will operate more than 40 regional brands plus licensed global brands such as Kleenex, Scott, Cottonelle, Viva, WypAll, and Kimberly-Clark Professional in its territories, according to Nonwovens Indutry.
The joint venture company will be managed by a five-member board with Suzano appointing three directors and Kimberly-Clark two members.
The fulfillment of the transaction is targeted for mid-2026.
