Kimberly-Clark Corporation, a global personal care leader, announced that it will acquire all outstanding shares of Kenvue’s common stock in a cash and stock transaction that values approximately $48.7 billion, based on the closing price of Kimberly-Clark common stock on Oct. 31, 2025.
“We are excited to bring together two iconic companies to create a global health and wellness leader,” said Mike Hsu, Kimberly-Clark chairman and chief Executive officer. “Kenvue is uniquely positioned at the intersection of CPG and health care, with exceptional talent and a differentiated brand offering serving attractive consumer health categories. With a shared commitment to developing science and technology to provide extraordinary care, we will serve billions of consumers across every stage of life.
“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.”
With this partnership, strategic benefits include:
- Serves consumers at every stage of life with iconic brands. 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.
- Provides exceptional complementarity across categories and geographies to drive growth and address unmet consumer needs. With a broader product range and greater reach, the combined company will be a global health and wellness leader. The combination will maximize both companies’ complementary strengths to accelerate global growth.
- Harnesses Kimberly-Clark’s commercial activation engine and go-to-market playbook to accelerate growth. With a proven playbook combining consumer-directed innovation and award-winning creative and social commerce expertise, Kimberly-Clark is driving category premiumization in key high-growth geographies.
- Applies Kenvue’s strong science-backed innovation and health care professional network. This combination will apply Kenvue’s leading innovation, strengths in key geographies and unique relationships with health care professionals, including dermatologists, dentists and pediatricians, to enhance the combined platform.
- Enhances investments in R&D, quality and innovation capabilities to further improve the lives of billions. With science as its competitive advantage, the combined company will have a best-in-class R&D team with significant incremental investment and the scale and resources needed to create innovative solutions to serve consumers’ unmet needs.
“Our combination with Kimberly-Clark unites two highly complementary portfolios filled with iconic, beloved brands and everyday essentials that people trust and count on throughout their lives,” said Kirk Perry, chief executive officer of Kenvue. “Our teams share a passion for delivering science-backed solutions that play a meaningful role in homes and communities around the world.
“Together, our combined strengths, expanded capabilities and resources, and broader reach will empower us to innovate even faster and strengthen our category leadership.”
