Hindustan Unilever sells its 50% stake in Kimberly-Clark Lever to Kimberly-Clark Corp

On September 29, 2017, India's largest Fast Moving Consumer Goods company Hindustan Unilever Limited (HUL) has entered into a share purchase agreement with Kimberly-Clark Corporation, U.S.A. (KCC) for divestment of HUL’s 50% shareholding in Kimberly-Clark Lever Private Limited (KCL) in favour of KCC.

In 1995, a 50-50 joint venture was formed between HUL and KCC known as KCL for baby and child care and feminine care products in India under the brands ‘Huggies’ and ‘Kotex’ respectively.

Vaish Associates acted as the external legal counsels for Hindustan Unilever Limited.

Vaish Associates advised HUL on all facets pertaining to the sale of shares which involved drafting, negotiating and finalizing of definitive agreements.

With a heritage of over 80 years in India, HUL is the market leader in Indian consumer products with presence in over 20 consumer categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers. HUL is a subsidiary of Unilever PLC.

Kimberly-Clark Corporation is a global company dealing in essentials through product innovation and building our personal care, consumer tissue and K-C Professional brands. It is primarily engaged in the manufacturing and marketing of a wide range of products mostly made from natural or synthetic fibers and deals in brands like Huggies, Scott, Kleenex, Cottonelle and Kotex.