Kimberly-Clark to Buy Softex Indonesia for About $1.2 Billion
September 03 2020 - 5:44PM
Dow Jones News
By Josh Beckerman
Kimberly-Clark Corp. agreed to buy Softex Indonesia from owners
including CVC Capital Partners for about $1.2 billion.
Softex Indonesia, which had 2019 net sales of about $420
million, receives 80% of its sales from diapers. It also has
feminine care and adult care products.
Kimberly-Clark said that excluding one-time transaction and
integration costs, it expects the deal to have an immaterial effect
on adjusted earnings per share in 2020 and 2021.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 03, 2020 17:29 ET (21:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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