CCI Approves Kimberly-Clark Acquisition Of Kenvue
The Kimberly group is described as active globally in the production and sale of products made from natural or synthetic fibres and materials, using technologies in fibres, nonwovens and absorbency for personal, business and industrial use. The group is present across five product categories, namely baby and child care, adult care, feminine care, family care and professional offerings. In India the Kimberly group is mainly engaged in the supply of feminine hygiene products and in the production and supply of baby diapers. The group operates manufacturing and distribution channels that serve domestic and retail markets.
The Kenvue group is active in manufacturing and supply of consumer health products in categories such as self care, skin health and beauty, and essential health, with a focus on nonprescription medicines and wellness oriented items. The Kenvue business in India chiefly comprises oral care, digestive health products and skin health and beauty items including facial, body and hand cleansers and moisturisers, along with sun protection products, baby toiletries and baby wipes. The portfolio also covers feminine hygiene products that are distributed through retail and other channels.
The CCI approval completes a clearance milestone for the parties and permits them to proceed with further regulatory and corporate processes in India. The commission indicated that the forthcoming detailed order will set out findings and any conditions under competition law. The parties are to comply with procedural requirements and to advance integration in accordance with applicable statutes and guidelines.