By Josh Beckerman
Kimberly-Clark Corp. agreed to buy Softex Indonesia from owners including CVC Capital Partners for about $1.2 billion.
Softex Indonesia, which had 2019 net sales of about $420 million, receives 80% of its sales from diapers. It also has feminine care and adult care products.
Kimberly-Clark said that excluding one-time transaction and integration costs, it expects the deal to have an immaterial effect on adjusted earnings per share in 2020 and 2021.
Write to Josh Beckerman at josh.beckerman@wsj.com