Suzano acquires Kimberly-Clark's tissue business outside North America

Suzano and Kimberly-Clark have formed a $1.73 billion joint venture, with Suzano's subsidiary acquiring a 51% stake in a new Dutch-based company. This partnership will control tissue product manufacturing, distribution, and sales. The deal involves Suzano's purchase of Kimberly-Clark's tissue business assets across multiple regions, excluding North America. Suzano has an option to buy the remaining 49% stake in three years. Suzano's stock rose 6.31% following the announcement, reflecting investor optimism. The joint venture includes 22 tissue production facilities in 14 countries and is expected to close by mid-2026, pending regulatory approvals. This move diversifies Suzano's portfolio and aligns with its long-term growth strategy.