RGE, Suzano and Asia Pulp & Paper Co. vie for Kimberly-Clark’s international tissue business
The three companies are the final bidders to acquire the U.S. multinational's international tissue division, valued at around US$4 billion
According to Reuters, the Asian group Royal Golden Eagle (RGE), Brazil’s Suzano and Asia Pulp & Paper Co. (APP) are the three finalists in the bidding process to acquire Kimberly-Clark’s international tissue division, valued at around US$4 billion.
According to sources, the bidding companies are carrying out due diligence on the deal and should present their binding offers by mid-May this year.
The U.S. multinational has hired Goldman Sachs and Centerview Partners to manage the sale of the international tissue division, sources said. The business unit generates around US$500 million in annual earnings before interest, taxes, depreciation and amortization (EBITDA).
In March 2024, Kimberly-Clark announced that it would reorganize its operations to bring together its international consumer tissue and professional tissue businesses into a new division called International Family Care & Professional.
RGE, Suzano, Goldman Sachs and Centerview declined to comment on the topic, as did Kimberly-Clark and Asia Pulp & Paper.
