SÃO PAULO, Brazil — Suzano, the world’s largest pulp producer, and Kimberly-Clark announced the creation of a US$3.4 billion joint venture focused on the manufacture, marketing and distribution of consumer and professional tissue products, such as toilet paper, napkins, paper towels and facial tissues in over 70 countries. Suzano will acquire a 51% interest in the new entity, with Kimberly-Clark holding a 49% interest. Suzano will pay Kimberly-Clark US$1.734 billion in cash at the closing of the transaction. …The transaction is expected to close in mid-2026 and involves approximately 9,000 employees. The new business will be a company incorporated in the Netherlands and will include 22 manufacturing facilities located in 14 countries. Collectively, these facilities have capacity to produce 1 million tonnes of tissue a year. The assets to be included in the new joint venture generated net sales in 2024 of US$3.3 billion. Kimberly-Clark will retain its consumer tissue and professional businesses in the US.