Author: Michael

Essity has entered into an agreement to acquire Kenvue’s feminine care business in Brazil. The deal will include brands such as Carefree, Sempre Livre, and OB. The purchase price amounts to US$284 million on a cash and debt-free basis. Essity says the acquisition strengthens its position as a market leader in feminine care in Latin America. The health and hygiene company has structured the acquisition as an asset purchase from the Kenvue subsidiaries for sanitary pads, liners, and tampons, as well as related manufacturing equipment in Brazil. According to Essity, Brazil is one of the world’s largest hygiene markets and…