IVEX Packaging To Buy Kimberly-Clark Unit
Undated (AP) _ Kimberly-Clark Corp. said Monday it would sell its Brown-Bridge adhesive coating unit to IVEX Packaging Corp. The price of the transaction was not disclosed.
Dallas-based Kimberly-Clark said the sale would allow it to focus on its paper-based businesses, such as its Kleenex and Huggies labels.
IVEX Packaging, headquartered in Lincolnshire, Ill., makes plastic and paper packaging products. Its Product Division has manufacturing facilities in Troy, Ohio, where Brown-Bridge is headquartered.
Brown-Bridge had estimated 1993 sales of $90 million.