Suzano, Kimberly-Clark Ink $3.4B Tissue Deal

Suzano, the world’s largest pulp producer, will acquire a controlling 51% stake in a $3.4 billion joint venture with Kimberly-Clark, combining their international tissue businesses. The new entity will operate 22 manufacturing plants across 14 countries, employ about 9,000 people, serve over 70 countries, and generated $3.3 billion in net sales in 2024. Kimberly-Clark will retain a 49% stake and focus on higher-margin North American operations, while Suzano will have the option to buy out the remaining stake after three years under certain conditions. The partnership will leverage Suzano’s pulp supply and global reach alongside Kimberly-Clark’s established brands like Kleenex and Scott, which will be licensed long-term to the venture. The deal is expected to close by mid-2026, pending regulatory approvals. This transaction is seen as part of broader industry restructuring and a strategic shift to improve margins for both companies.