Tylenol, Band-Aid, Huggies, and Kleenex are now under one roof. In a major business deal worth $48.7 billion, Kimberly-Clark, the company behind Huggies diapers and Kleenex tissues, is buying Kenvue, which makes Tylenol, Band-Aid, and Listerine.
This means the new company will now sell many of the biggest household brands we all use every day. Together, they’ll bring in about $32 billion a year. Kenvue used to be part of Johnson & Johnson but became its own company two years ago. Since then, Kenvue has faced pressure from investors and controversy after Donald Trump and Robert F. Kennedy Jr. raised unproven claims that Tylenol could be linked to autism. Health experts, including the FDA, say there is no strong evidence of this. Kenvue pushed back, saying, “We believe independent, sound science clearly shows that taking acetaminophen does not cause autism.”
Because of this deal, Kimberly-Clark’s CEO Mike Hsu will lead the new company, which will keep its main office in Texas. Kenvue’s locations will still be used. Kenvue shareholders will get $3.50 in cash and a part of a Kimberly-Clark share for every share they own. The deal is expected to be finished in the second half of next year, once both companies’ shareholders agree.
