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K-C, Schickedanz end JV agreement.

Number 2 U.S. diaper producer Kimberly-Clark, Dallas, TX, recently finalized plans to withdraw from negotiations with VP-Schickedanz, Nuremberg, Germany, regarding the consumer products joint venture agreement proposed between the two companies.

The venture, announced this past summer, would have formed a 50/50 consumer products joint venture for marketing and manufacturing both companies' throughout Europe. The agreement would have given Kimberly-Clark entry into the European baby diaper market with Schickedanz's "Born" and "Moltex" trade names.

The venture was terminated during the due diligence process when both sides were unable to resolve certain issues. According to a release issued by the company, "Kimberly-Clark remains committed to strengthening and expanding its business in Europe while exploring other alternatives."
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Title Annotation:Kimberly-Clark Corp. withdraws from consumer products joint venture agreement with VP-Schickedanz AG
Publication:Nonwovens Industry
Article Type:Brief Article
Date:Dec 1, 1992
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