M&A Deal Summary

Kimberly-Clark Acquires Safeskin

On November 17, 1999, Kimberly-Clark acquired chemicals company Safeskin for 800M USD

Acquisition Highlights
  • This is Kimberly-Clark’s 1st transaction in the Chemicals sector.
  • This is Kimberly-Clark’s 3rd largest (disclosed) transaction.
  • This is Kimberly-Clark’s 4th transaction in the United States.
  • This is Kimberly-Clark’s 1st transaction in California.

M&A Deal Summary
Date 1999-11-17
Target Safeskin
Sector Chemicals
Buyer(s) Kimberly-Clark
Deal Type Add-on Acquisition
Deal Value 800M USD

Target

Safeskin

San Diego, California, United States
Safeskin Corporation a manufacturer of powder-free exam gloves. The company, based in San Diego, produces gloves at its manufacturing facilities in Southeast Asia using proprietary formulations and processes.

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Buyer(S) 1

Buyer

Kimberly-Clark

Dallas, Texas, United States
Category Company
Founded 1872
Sector Consumer Products
Employees41,000
Revenue 20.4B USD (2023)
DESCRIPTION
Kimberly-Clark's corporate headquarters in Dallas, Texas.
Kimberly-Clark's corporate headquarters in Dallas, Texas.

Kimberly-Clark is a multinational consumer goods company specializing in a wide range of products and services in the personal care, hygiene, and professional sectors. With a diverse portfolio of well-known brands, they offer a variety of essential products that enhance comfort, cleanliness, and convenience in daily life. Their product lineup includes popular items such as diapers and wipes (Huggies), tissues (Kleenex), bathroom tissue (Cottonelle), paper towels (Scott), and feminine care products (Kotex). Catering to both individual consumers and businesses, Kimberly-Clark provides solutions designed to meet the needs of people across different demographics and industries. Kimberly-Clark was founded in 1872 and is based in Dallas, Texas.

DEAL STATS #
Overall 6 of 14
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 5 of 10
State (California) 1 of 2
Country (United States) 4 of 8
Year (1999) 2 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-29 Attisholz Holding - Consumer & Away-from-Home Divisions

Switzerland

Attisholz Holding - Consumer & Away-from-Home Divisions is a manufacturer of tissue products.

Buy $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-16 Formulabs

Escondido, California, United States

Formulabs, Inc., is a manufacturer of specialty inks for inkjet and industrial applications.

Sell -
Mergr

Product

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