Kimberly-Clark (K-C) has completed the acquisition of Kenvue, creating a global consumer health and wellness leader.
The move unites leading portfolios, including 10 billion-dollar brands such as Huggies, Listerine, Cottonelle, Neutrogena, Depend, Tylenol, Kleenex, Johnson’s Baby, Kotex and Scott.
Mike Hsu, Chairman and Chief Executive of K-C, said: “Today marks a defining moment in Kimberly-Clark’s 154-year history as we welcome Kenvue and hit the ground running as one company.
“We share a rich heritage: pioneering entire categories and forming deep, lifelong bonds with consumers around the world as we help generations of people take care of themselves and their loved ones, every day.
“Now, at a moment when the need for better care is undeniable and growing, we have an urgent opportunity to be there for more people, in more places and across evolving unmet needs.
“With Kenvue, Kimberly-Clark is equipped to combine deep consumer insight, groundbreaking science and innovation, brand-building expertise and strong commercial execution to lead the future of consumer health.”
As previously announced, K-C will operate with four business segments:
North America, a business generating approximately $18.0bn in sales annually;
Asia Pacific Focus Markets, which will include Greater China, Australia / New Zealand, South Korea, and Indonesia, generating approximately $4.3bn in annual sales;
Europe, Middle East, and Africa (EMEA), with approximately $5.0bn in annual sales; and Enterprise Markets, which will include Latin America (including Brazil), India, Southeast Asia markets, and Japan, generating approximately $4.3bn in annual sales.
