July 22, 1989 |
A federal judge has ruled against Procter & Gamble Co. in a patent dispute with Kimberly-Clark Corp., defeating the consumer products giant's bid for control of the $3-billion disposable-diaper market. Procter & Gamble had charged that the Dallas-based manufacturer of "super-absorbent" Huggies diapers had copied Procter & Gamble's design of "super-absorbent" Pampers. Procter & Gamble, based in Cincinnati, was seeking removal of Huggies from store shelves and unspecified monetary damages. But U.
December 24, 1992
John R. Kimberly, 89, former chairman and chief executive of Kimberly-Clark Corp. He was the grandson of John A. Kimberly, a founder of Kimberly-Clark, maker of Kleenex tissue, Huggies diapers and other paper products. He was elected president of the company in 1953 and chairman and chief executive officer in 1955. Kimberly remained a director of the company until 1977. During World War II, he served as deputy director of the War Production Board. In Easton, Md., on Sunday of undisclosed
January 6, 1999
* Kimberly-Clark Corp., the world's largest maker of tissue products, agreed to sell its Southeastern U.S. timberlands business for undisclosed terms to focus on its consumer and health-care businesses. Southstar Timber Resources is buying the business, which includes 529,000 acres of land and related operations.
August 18, 1995 |
EU to Look at Kimberly-Clark, Scott Deal: The European Commission said it will review the planned merger between U.S. companies Kimberly-Clark Corp. and Scott Paper Co. An EU executive said in a statement that the deal appeared to fall under the EU's merger regulation, under which it assesses the effects on competition of certain linkups between companies that have a significant presence on the European market. The two companies announced a $6.
May 10, 1995 |
Kimberly-Clark to Spin Off Tobacco Unit: The Dallas company said the unit that makes cigarette paper is not compatible with its consumer and health care image. It said it will sell shares in the new company. Kimberly-Clark Corp. also said that its previously disclosed plans to cut about 950 jobs and consolidate its paper mills will produce a savings of $100 million a year. Wall Street welcomed the news. Shares rose $1.875 to close at $59.125 on the New York Stock Exchange.
May 24, 1996 |
P&G Buying Baby Wipes Business: Procter & Gamble Co. said it will purchase the business of the former Scott Paper Co. from Kimberly-Clark Corp. for $220 million. The agreement is subject to review by the U.S. Justice Department. Antitrust authorities in the United States and Mexico had required Dallas-based Kimberly-Clark to sell off some assets as a condition for approval of its merger last year with Boca Raton, Fla.-based Scott.