Kimberly-Clark is set to acquire Kenvue, the owner of major consumer brands, including Band-Aid and Tylenol, in a cash and stock deal valued at approximately $48.7 billion.
“Over the last several years, [we’ve] undertaken a significant transformation to pivot our portfolio to higher-growth, higher-margin businesses while rewiring our organization to work smarter and faster,” Mike Hsu, Chairman and CEO of Kimberly-Clark, said in a joint news release.
“We have built the foundation and this transaction is a powerful next step in our journey. We look forward to working with the Kenvue team to bring these companies together, and are confident that we will drive significant value for our combined shareholders.”
The acquisition — subject to regulatory approval — is expected to close in the second half of 2026.
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