Kimberly-Clark to Acquire Kenvue in a $48.7 Billion Deal

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for approximately $48.7 billion in a cash and stock transaction. The deal values Kenvue at an enterprise value of approximately 14.3x its LTM adjusted EBITDA or 8.8x including expected run-rate synergies of $2.1 billion. The transaction is expected to close in the second half of 2026, subject to shareholder and regulatory approvals. The combined company will generate approximately $32 billion in annual net revenues and $7 billion in adjusted EBITDA, with a clear path to achieving $2.5 billion in cost and revenue synergies over several years.

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About Kimberly-Clark Corporation

Kimberly-Clark Corporation is a prominent multinational corporation specializing in the production of essential consumer goods, including personal care and healthcare products. Renowned for iconic brands such as Huggies, Kleenex, and Scott, Kimberly-Clark plays a crucial role in the daily lives of millions worldwide by providing high-quality tissue, paper products, and baby and adult care items. The company's product lineup is widely used across households, healthcare facilities, and businesses, ensuring hygiene and comfort. Kimberly-Clark operates in various sectors, including personal care, consumer tissue, and professional products, impacting industries from retail to healthcare. Its extensive distribution network spans the globe, allowing the company to maintain a strong market presence. Additionally, Kimberly-Clark is committed to sustainability, focusing on responsible supply chain management and environmentally friendly practices to minimize its ecological footprint. With a rich history dating back to its founding in 1872, Kimberly-Clark continues to innovate and expand its product offerings to meet evolving consumer needs. Its strategic initiatives focus on maintaining leadership in the industry while contributing positively to environmental and social outcomes.