Kimberly-Clark announced it will acquire Kenvue in a cash and stock transaction valued at $48.7 billion.
The deal combines two iconic companies with complementary products, including 10 billion-dollar brands, touching nearly half the global population.
Kenvue, a Johnson & Johnson spinoff, is the world’s largest pure-play consumer health company, with brands including:
Kimberly-Clark’s brands include:
Kimberly-Clark’s brands hold No. 2 share positions in approximately 70 countries.
Author summary: Kimberly-Clark acquires Kenvue for $48.7B.