Kimberly-Clark and Suzano Joint Venture Arbex Begins Independent Operations

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Summary · why it matters

Arbex, the joint venture formed by Kimberly-Clark Corp and Suzano, started operating as an independent company on July 1. The $3.4 billion joint venture is positioned to pursue opportunities as an international tissue and hygiene company with operations in more than 70 markets, producing and selling leading global and regional brands including Kleenex, Scott, Cottonelle, Andrex, and Viva. It has assumed ownership of assets previously run by Kimberly-Clark's International Family Care & Professional business unit, which includes 22 manufacturing sites in 14 countries. Earlier on June 17, Piper Sandler reiterated a Buy rating on Kimberly-Clark Corp and raised the price target to $121 from $115, citing an incrementally favorable cost outlook and strong productivity momentum.

Impact on stocks 2

Consumer Staples▲ · 1 stocks
Kimberly-Clark Corporation
KMB
▲ PositiveCapitalrelevance

Piper Sandler reiterated Buy rating and raised price target to $121, citing favorable cost outlook and productivity momentum.

Materials▲ · 1 stocks

Off-coverage companies 1

ArbexPrivate▲ Positive
Capitalrelevance

Arbex begins independent operations as a $3.4B joint venture, positioned to pursue international tissue and hygiene opportunities.

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