Kimberly-Clark to Acquire Kenvue for $48.7 Billion, Creating Consumer Health Giant

“Bringing together Kenvue and Kimberly-Clark creates a uniquely positioned global leader in consumer health with a broader range of new growth opportunities ahead,” says Kenvue Chair Larry Merlo.

Anna Smith

Nov. 3, 2025

2 min read

With well-known brands like Kleenex, Scott and Huggies, consumer goods company Kimberly-Clark announced it will acquire consumer health company Kenvue, whose portfolio includes Band-Aid, Listerine and Tylenol.

“Together, our combined strengths, expanded capabilities and resources and broader reach will empower us to innovate even faster and strengthen our category leadership,” says Kenvue Chief Executive Officer Kirk Perry. “We truly believe this transaction with Kimberly-Clark will bring greater value to our shareholders, create new and different potential growth opportunities for our talented employees and deliver even more benefits to our customers and consumers."

The merger will combine complementary portfolios to create a $32 billion company that is a leader in health and wellness, and the transaction is expected to close in the second half of 2026.

"Kenvue is uniquely positioned at the intersection of CPG and healthcare, 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,” says Kimberly-Clark Chairman and Chief Executive Officer Mike Hsu.

Hsu will be the CEO and chairman of the combined company, which will maintain Kimberly-Clark’s current headquarters in Irving, Texas. Three members of Kenvue’s board will join the Kimberly-Clark board.

About the Author

Anna Smith

News Editor

LinkedIn: https://www.linkedin.com/in/anna-m-smith/

Bio: Anna Smith joined IndustryWeek in 2021. She handles IW’s daily newsletters and breaking news of interest to the manufacturing industry. Anna was previously an editorial assistant at New Equipment Digest, Material Handling & Logistics and other publications.