Kimberly-Clark to acquire Kenvue

Kimberly-Clark Corporation is set to acquire the outstanding shares of Kenvue in a deal valued at US$48.7 billion.

“The transaction will enhance the combined company's exposure to key categories that are positioned to benefit from secular growth trends as consumers increasingly prioritize health and wellness,” notes a press release. 

This transaction is positioned to bring together two American companies to create a combined portfolio of complementary products, including 10 billion-dollar brands.

"Following the board's comprehensive review of strategic alternatives for Kenvue, we are pleased to have reached this agreement with Kimberly-Clark that delivers significant upfront value for our shareholders and substantial upside potential through ownership in the combined company,” said Larry Merlo, Kenvue chair of the board. 

The transaction is expected to close in the second half of 2026, subject to the receipt of Kenvue and Kimberly-Clark shareholder approvals.

Mike Hsu will be the chairman and CEO of the combined company. At closing, three members of the Kenvue Board will join the Kimberly-Clark Board. The combined company will maintain Kimberly-Clark's headquarters in Irving, Texas and continue to have a significant presence in Kenvue's locations.