Suzano and Kimberly-Clark have announced an agreement to jointly form a US$3.4 billion global company to manufacture, market, and distribute consumer and professional tissue products across more than 70 countries.Under the terms of the agreement, the Brazilian pulp producer Suzano will acquire a 51% interest in the entity, with US consumer goods and personal care giant Kimberly-Clark retaining a 49% interest. Suzano will reportedly pay Kimberly-Clark US$1.734 billion in cash at the close of the transaction, subject to customary post-closing purchase price adjustments.
