K-C increases Brazilian stake
November 28, 2006 By Pulp & Paper Canada
Kimberly-Clark has increased its ownership of its Brazilian affiliate, Kimberly-Clark Kenko Industria e Commercio, …
Kimberly-Clark has increased its ownership of its Brazilian affiliate, Kimberly-Clark Kenko Industria e Commercio, from 70% to 100%.
The company bought the remaining share from Alsercom Comercio De Produtos Texteis e Plasticos.
“Kimberly-Clark Kenko has an excellent track record, delivering strong double-digit compound annual growth in both sales and operating profit since 2002,” said Robert E. Abernathy, group president of K-C’s developing and emerging markets. “Increasing our ownership in this successful affiliate is consistent with our strategy of investing for growth in the rapidly growing BRICIT countries (Brazil, Russia, India, China, Indonesia and Tukey).”
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