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Investing.com -- Kimberly-Clark (NYSE:KMB), the maker of Scott toilet paper and Huggies diapers, is reportedly close to selling its Kleenex and tissue businesses outside of North America.
The sale, which is estimated to be around $3.5 billion, is part of the company’s strategy to focus on more profitable areas, the Wall Street Journal reported on Thursday.
The prospective buyer is Suzano (BVMF:SUZB3), a large pulp producer based in Brazil, the report said, citing sources familiar with the matter.
If the negotiations proceed without any last-minute issues, the deal could be finalized as early as Thursday.
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