Suzano to Buy Kimberly-Clark’s Tissue Assets in Brazil
Brazilian pulpmaker Suzano SA recently announced it reached a deal to buy Kimberly-Clark’s tissue paper operations in the country.
In a securities filing, Suzano said the main asset included in the deal is a tissue production plant located in Sao Paulo state. The unit has an annual production capacity of around 130,000 tonnes, Reuters reports.
A new company created by Suzano will hold the assets, as well as manufacture and distribute the tissue products, such as paper towels and napkins, it said.