Suzano Completes $1.3 Billion Buy to Control New Arbex Tissue Joint Venture

Overview

• Suzano closed the transaction on Wednesday by paying US$1.3 billion to acquire 51% of FamPro Tissue Holdings, which will be renamed Arbex and will be controlled by Suzano.
• The joint venture is reported at about US$3.4 billion in value and starts with roughly US$1 billion of net debt in its initial capital structure, subject to routine post‑closing adjustments.
• Arbex will take ownership of Kimberly‑Clark’s international Family Care and Professional assets, including 22 factories in 14 countries, a presence in more than 70 markets, and a portfolio of over 40 regional brands.
• Companies signed ancillary agreements that give Arbex long‑term licences to use Kimberly‑Clark global brands and short‑term transitional services from Kimberly‑Clark to keep supply chains, customers, and employees stable.
• Analysts expect investor focus to shift to Suzano’s ability to rebuild free cash flow and execute integration, with attention on capital allocation, operational consolidation and any post‑closing price adjustments.