Kimberly - Clark de Mexico S.A.B. de C.V. (BMV:KIMBER A) agreed to acquire Escudo soap brand from The Procter & Gamble Company (NYSE:PG).
February 21, 2016
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Kimberly - Clark de Mexico S.A.B. de C.V. (BMV:KIMBER A) agreed to acquire Escudo soap brand from The Procter & Gamble Company (NYSE:PG) on February 22, 2016. The transaction is subject to necessary regulatory approvals. The transaction is expected to close during the first half of 2016.
Jones Day acted as a legal advisor to The Procter & Gamble Company (NYSE:PG).
Kimberly-Clark de Mexico SAB de CV is a Mexico-based company is engaged in the manufacture of personal care products. Its activities are divided into three segments: Consumer products, Professional and healthcare, as well as Export. The Consumer products division focuses on the manufacture and distribution of disposable products for daily use, such as diapers, feminine pads, incontinence care products, kitchen towels, napkins and wet wipes; baby and child care products, such as baby wipes, shampoos, lotions and feeding products, and home products, such as antibacterial gels, food wraps and bar soaps. Its brand names portfolio includes Huggies, KleenBebe, Kleenex, Kimlark, Petalo, Cottonelle, Depend, Kotex and Evenflo, among others. The Professional and healthcare division offers personal care products to commercial customers, including managers of hotels, restaurants, offices and hospitals. The Export division is responsible for the international trade, mainly in the United States.
KIMBERLY-CLARK DE MÉXICO, S. A. B. DE C. V. 
