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K-C Buys Remaining Stake In Andean Subsidiary

69% share increased to 100%.

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By: Karen McIntyre

Editor, Nonwovens Industry

Kimberly-Clark Corp.,a maker of Huggies diapers and Kleenex tissues, will buy the remainder of its Andes region subsidiary for an undisclosed amount. K-C already owned 69% of Colombiana Kimberly Colpapel S.A., and late Wednesday, it said it would buy the rest from Compania Colombiana de Inversiones S.A. Kimberly-Clark said the deal will close in January 2009 and slightly increase its annual profit and allow for greater growth in Bolivia, Colombia, Ecuador, Peru and Venezuela.

Colombiana Kimberly Colpapel is based in Bogota, and employs 6400 people. It makes tissue and personal care and professional products and owns nine manufacturing facilities.

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