American Kimberly-Clark Corp would buy #diaper maker Softex Indonesia for $1.2 billion in cash from a group of shareholders that includes CVC Capital Partners Asia Pacific, as it looks to boost its presence in South East Asia.
The company, which makes toilet paper, facial tissue and diapers, said Softex would help expand its market share in #Indonesia, where demand for disposable diapers has swelled in recent years due to a growing middle class.
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The company, which makes toilet paper, facial tissue and diapers, said Softex would help expand its market share in #Indonesia, where demand for disposable diapers has swelled in recent years due to a growing middle class.
Access @reuters article via our Twitter post.
#StaySafe #StayHealthy
View on Instagram