Kimberly-Clark Expands Presence in Southeast AsiaSeptember 8, 2020
Kimberly-Clark Corp., parent company of Kimberly-Clark Professional, has entered into a definitive agreement to acquire Softex Indonesia from a group of shareholders, including CVC Capital Partners Asia Pacific IV, for approximately US$1.2 billion.
The all-cash acquisition of the Tangerang, Indonesia-based personal care product manufacturer greatly expands Kimberly-Clark’s geographical footprint and product offerings in Southeast Asia, a region the company has targeted for expansion.
“This acquisition represents a compelling strategic fit and demonstrates our commitment to accelerate growth in developing and emerging markets,” said Mike Hsu, Kimberly-Clark CEO. “Moreover, adding Softex Indonesia and its brands to Kimberly-Clark will enhance our company’s underlying growth prospects and help us create even more long-term shareholder value.”
About Kimberly-Clark Professional
Kimberly-Clark Professional offers an array of hand hygiene and contamination-control products. Located in Roswell, Georgia, Kimberly-Clark Professional is one of Kimberly-Clark Corp.’s four business sectors. For more information, visit www.kcprofessional.com.