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Kimberly-Clark closes acquisition of Softex Indonesia

Kimberly-Clark Corporation has closed its previously announced acquisition of Softex Indonesia, a major player in the Indonesian personal care market.

“This acquisition accelerates our growth with strong market share in key personal care categories across Southeast Asia’s largest economy,” says Mike Hsu, chairman and CEO, Kimberly-Clark in a statement.

“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.”

The impact of the transaction on Kimberly-Clark’s adjusted earnings per share in 2020 and 2021 is expected to be immaterial.