Kleenex owner Kimberly-Clark Corp. will acquire Kenvue Inc.in a deal valued at $48.7 billion, the two companies said Monday.

The transaction is expected to close in the second half of 2026, subject to regulatory approvals.

“We are excited to bring together two iconic companies to create a global health and wellness leader,” said Mike Hsu, Kimberly-Clark chairman and chief executive officer. “Kenvue is uniquely positioned at the intersection of CPG and healthcare, with exceptional talent and a differentiated brand offering serving attractive consumer health categories. With a shared commitment to developing science and technology to provide extraordinary care, we will serve billions of consumers across every stage of life.”

Kenvue was spun out of Johnson & Johnson in 2023. Its brands inc

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