Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a massive consumer health goods company.

Shareholders of Kimberly-Clark will own about 54% of the combined company. Kenvue shareholders will own about 46%.

The combined company will have a large stable of household brands under one roof, putting Kenvue’s Listerine mouthwash and Band-Aid side-by-side with Kimberly-Clark’s Cottonelle toilet paper, Huggies and Kleenex tissues. It will also generate about $32 billion in annual revenue.

Kenvue has spent a relatively brief period as an independent company, having been spun off by Johnson & Johnson two years ago. J&J first announced in late 2021 that it was splitting its consumer health division from the pharmaceutical and medical device divisions.

The deal announced Monday is among the largest corporate takeovers of the year.

Kenvue was thrust into the national spotlight last month when Health Secretary Robert F. Kennedy, Jr. reasserted the unproven link between the pain reliever Tylenol and autism, and suggested people who opposed the theory were motivated by hatred for President Donald Trump.

During a meeting with Trump and the Cabinet, Kennedy reiterated the connection, even while noting there was no medical proof to substantiate the claim.

In July Kenvue, announced that CEO Thibaut Mongon was leaving in the midst of a strategic review with the company under mounting pressure from activist investors. Board member Kirk Perry is serving as interim CEO.

“We will serve billions of consumers across every stage of life,” Kimberly-Clark Chairman and CEO Mike Hsu said in a statement.

Hsu will be chairman and CEO of the combined company. Three members of the Kenvue’s board will join Kimberly-Clark’s board at closing. The combined company will keep Kimberly-Clark’s headquarters in Irving, Texas and continue to have a significant presence in Kenvue’s locations.

The deal is expected to close in the second half of next year. It still needs approval from shareholders of both both companies.

Kenvue shareholders will receive $3.50 per share in cash and 0.14625 Kimberly-Clark shares for each Kenvue share held at closing. That amounts to $21.01 per share, based on the closing price of Kimberly-Clark shares on Friday.

Kimberly-Clark and Kenvue said that they identified about $1.9 billion in cost savings that are expected in the first three years after the transaction’s closing.

Shares of Kimberly-Clark slipped more than 15% before the market open, while Kenvue’s stock jumped more than 20%.

What is Tae Kwon Do?

Taekwondo is a non-aggressive and ethical system of self-defense. Taekwondo developed from humble beginnings over 1,000 years ago and has since spread internationally to become one of the world’s most successful and popular martial arts. Its practitioners enjoy physical and mental discipline, as well as excellent fitness and the ability to defend themselves if necessary. Taekwondo is not only a combat sport, but is also a way of life for enthusiasts around the globe.

What is Tae Jujutsu?
Jujutsu is a family of Japanese martial arts and a system of close combat that can be used in a defensive or offensive manner to kill or subdue one or more weaponless or armed and armored opponents.

Master John Park

Phone:
(909) 522-0088

Address:
1528 Barton Rd.
Redlands, CA 92373

REPLASTERING AND RESURFACING REQUIREMENTS LAW IN CALIFORNIA

When a pool or spa is re-plastered or re-surfaced such as patching & repairing ONLY, plan review is not usually required (unless additional work will be done at the same time, such are replacing suction covers, handrails, tile lines, splitting the main drains or equalizer lines, plugging up equalizer lines and installing autofil, etc…) however, a scope of work should be submitted to Placer County Environmental Health for review.

Pre and Final replaster inspections will be required

The following requirements can be found in the California Health and Safety Code (H&S section 116025) and California Code of Regulations Title 22 & 24:

1. Swimming pool shells shall be white in color except: the lane and other pool markings; top surface edges of benches in spa pool; the edge of pool steps; tiles at the water line; and tiles installed at the 4 ½ feet depth line. Spa pools may be light pastel color when approved by the enforcing agent. All materials must be submitted to Environmental Health for approval. (Section 3108B.3)
2. When a pool greater than five feet in depth is re-plastered or resurfaced, it is required to have a Depth Marking Line (or belly band), a straight line of slip resistant tile with a minimum of 4 inches and not greater than 6 inches wide of a color contrasting with the background of the pool shell across the bottom of the pool where the water depth is 4 ½ feet. (Section 3110B.3)
3. Stair risers shall be uniform in height (min 6 inches up to max 12 inches), each step tread shall be (min 12 inches up to max 16 inches) except the top step tread (min 14 inches up to max 18 inches for standard or regular type; min 21 inches up to max of 24 inches for triangular, concave or convex type), and the minimum width of the stair shall be 24 inches. Spa bench tread shall be min 12 inches to maximum 24 inches.
4. A hand railing must be provided over all stairs extending from the deck to the bottom step tread (minimum distance of the handrails to the edge of the riser shall be 3 inches). The height of the railing shall be min 28 inches up to max 36 inches above the deck and each step tread. (Sec 3111B.3). Minimum two handrails are required for spa.

Pool Re-plaster in Los Angeles, CA

Re-plastering your swimming pool is an important job – trust it to someone with experience and an outstanding reputation. We have been removing and replacing pool plaster for many years.