Kimberly-Clark Completes Acquisition of Softex Indonesia
October 2, 2020
DALLAS (News release) -- Kimberly-Clark Corporation 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.
