Kimberly-Clark Corporation $KMB appears poised to finalize the sale of its global tissue segment, excluding North America, to Brazilian pulp manufacturer Suzano SA $SUZ. Valued at approximately $3.5 billion, this transaction represents a significant corporate pivot for the Dallas-based consumer goods powerhouse.

Kimberly-Clark $KMB, a leading global producer of personal care and tissue products, is reportedly close to selling its international tissue business — including iconic brands like Kleenex and paper towels — outside North America. The potential buyer is Suzano $SUZB3.SA, a major Brazilian pulp manufacturer, as reported by the Wall Street Journal citing insider sources. The transaction is anticipated to conclude imminently, signaling a significant reshaping of Kimberly-Clark’s global footprint amid evolving market dynamics.