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M&A - Kimberly-Clark - Kenvue

Dallas-based Kimberly-Clark, a global personal care company, agreed to acquire Summit, New Jersey-based Kenvue, a global consumer healthcare company that was spun off from Johnson & Johnson, in a deal that values Kenvue at an enterprise value of $48.7 billion. The transaction is expected to close in the second half of 2026. Kimberly-Clark is traded on the Nasdaq, while Kenvue is traded on the New York Stock Exchange. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to both companies.


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