Kimberly-Clark Corporation today announced it has increased its ownership of its Brazilian affiliate, Kimberly-Clark Kenko Industria e Comercio Ltda., from 70 percent to 100 percent.
Kimberly-Clark acquired the remaining minority interest from Alsercom Comercio De Produtos Texteis e Plasticos Ltda. Terms of the purchase were not disclosed.
Kimberly-Clark Kenko manufactures and markets personal care products in Brazil, holding the number one market position in infant care and a strong number two share in feminine care. Kenko markets diapers and baby wipes under the Huggies and Monica brands and feminine and incontinence care products under the Intimus and Plenitude brands respectively.
K-C also operates a tissue business in Brazil through a second wholly-owned subsidiary, making bath and facial tissue, paper towels and napkins for both retail and institutional markets. Brands include Kleenex, Scott, Neve, Chifon and Grand Hotel.