M&A - KIMBERLY CLARK CORP

Form Type: 8-K

Filing Date: 2025-06-05

Corporate Action: Merger

Type: New

Accession Number: 000110465925056662

Filing Summary: On June 5, 2025, Kimberly-Clark Corporation announced a joint venture with Suzano S.A. to form an international company focused on consumer tissue and professional products. This joint venture will include substantially all of Kimberly-Clark's International Family Care business. As part of the agreement, Kimberly-Clark will divest a 51% interest in its global business related to consumer and professional tissue products in various regions including Europe, Africa, and Asia, for approximately $1.7 billion. The transaction is expected to close in mid-2026 and will involve a reorganization where certain assets and liabilities will be transferred to Kimberly-Clark IFP NewCo B.V., a wholly-owned subsidiary. A joint venture agreement will follow at closing, detailing governance and operational provisions.