Kimberly-Clark Plans to Spin Off Health-Care Business
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Kimberly-Clark Corp., the maker of Kleenex tissues and Huggies diapers, plans to spin off its health-care business, leaving management to focus on its consumer and professional brands.
The tax-free deal would create a stand-alone, publicly traded company with about $1.6 billion in annual sales, Dallas-based Kimberly-Clark said yesterday in a statement.