Kimberly-Clark Finalizes Purchase of Softex IndonesiaOctober 2, 2020
The approximately US$1.2 billion acquisition was announced last month. The all-cash acquisition of the Tangerang, Indonesia-based personal care product manufacturer expands Kimberly-Clark’s presence in Southeast Asia, a region the company has targeted for growth.
“This acquisition accelerates our growth with strong market share in key personal care categories across Southeast Asia’s largest economy,” said Mike Hsu, Kimberly-Clark chairman and CEO. “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.”
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.