Acquisition announced
Kimberly-Clark acquires Tylenol and 4 other brands (2025)
Kimberly-Clark announced the acquisition of Tylenol and 4 other brands on 3 November 2025 for $48.7 billion; the deal is announced.[1]
Kimberly-Clark agreed to acquire Kenvue in a cash and stock transaction that would combine Huggies and Kleenex with Tylenol, Listerine and Neutrogena. The deal is subject to shareholder and regulatory approvals.
Recorded as announced. Kenvue remains the owner of these brands until the transaction closes.
Deal facts
- Announced
- Expected close
- Pending
- Value
- $48.7 billion (enterprise value)
- Buyer
- Kimberly-Clark
- Seller
- —
- Assets
- Tylenol, Listerine, Neutrogena, Band-Aid, Aveeno
- Regulatory review
- None recorded
Who owns these brands today?
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Kenvue Inc. Annual Report on Form 10-K — SEC EDGAR, SEC Form 10-K; retrieved 6 September 2026.
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