Kimberly-Clark Corporation

Kimberly-Clark Corporation is an American consumer products company that manufactures and markets personal care and tissue products under brands including Huggies, Kleenex, Kotex, Scott, and Cottonelle, generating $16.4 billion in revenue from continuing operations in fiscal 2025. The company holds number-one or number-two market share positions in approximately 70 countries, employs roughly 36,000 people, and operates manufacturing facilities in 30 countries.

The 153-year-old company is in the middle of the most aggressive portfolio transformation in its history. It is simultaneously divesting its international family care and professional business through a joint venture with Brazilian pulp giant Suzano S.A., executing a multi-year restructuring that targets $3 billion in cost savings, and pursuing the acquisition of Kenvue — the former consumer health arm of Johnson & Johnson — in a deal that would create a combined health-and-wellness company with over $30 billion in revenue.

The file turns on one question: whether the Kenvue acquisition, expected to close in the second half of 2026, creates a genuinely stronger franchise — or whether it layers complexity and leverage onto a business that has not yet demonstrated it can grow the top line on its own.