DALLAS, Oct. 1, 2020 /PRNewswire/ -- Kimberly-Clark
Corporation (NYSE: KMB) today announced the closing of its
previously announced acquisition of Softex Indonesia, a leader in
the fast-growing Indonesian personal care market.
"This acquisition accelerates our growth with strong market
share in key personal care categories across Southeast Asia's largest economy," said
Mike Hsu, Chairman and CEO,
Kimberly-Clark. "As we move ahead, we will leverage our
combined strengths in innovation and brand building while
maintaining the local market expertise and advantages that Softex
Indonesia has built with its strong portfolio of brands."
As indicated in its September 3,
2020 press release, the impact of the transaction on
Kimberly-Clark's adjusted earnings per share in 2020 and 2021 is
expected to be immaterial.
About Kimberly-Clark
Kimberly-Clark and its trusted
brands are an indispensable part of life for people in more than
175 countries. Fueled by ingenuity, creativity, and an
understanding of people's most essential needs, we create products
that help individuals experience more of what's important to them.
Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex,
Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus,
Neve, Plenitud, Viva and WypAll, hold the No. 1 or No. 2 share
position in 80 countries. We use sustainable practices that support
a healthy planet, build stronger communities, and ensure our
business thrives for decades to come. To keep up with the latest
news and to learn more about the company's 148-year history of
innovation, visit Kimberly-Clark.com.
[KMB-F]
View original content to download
multimedia:http://www.prnewswire.com/news-releases/kimberly-clark-completes-acquisition-of-softex-indonesia-301143954.html
SOURCE Kimberly-Clark Corporation