Kimberly-Clark to Receive ~$1.7B for 51% Stake in IFP Business Joint Venture

Date: 2025-12-07

Summary

Kimberly-Clark announced an agreement with Suzano S.A. to form a joint venture for its International Family Care and Professional (IFP) business. Due to this strategic shift, KMB is reclassifying the IFP business as discontinued operations and has recast its historical financial statements to reflect the change.

Key Details

• Transaction: Suzano S.A. will acquire a 51% interest in the joint venture, with Kimberly-Clark retaining a 49% equity stake.
• Financials: Kimberly-Clark will receive a purchase price of approximately $1.7 billion for the 51% interest, subject to closing adjustments.
• Accounting Impact: Effective in the second quarter of fiscal 2025, the results of the IFP business are reported as discontinued operations. This filing recasts financials from the 2024 Form 10-K to reflect this presentation.
• Timeline: The transaction was announced on June 5, 2025, and is expected to close in mid-2026, pending regulatory approvals.