Kimberly-Clark to buy Indonesian diaper maker Softex for $1.2b

Kimberly-Clark to buy Indonesian diaper maker Softex for $1.2b

FILE PHOTO: The logo of Kimberly-Clark is seen in Maracay, Venezuela, July 10, 2016. REUTERS/Carlos Jasso

Kimberly-Clark Corp said on Thursday it would buy diaper maker Softex Indonesia for $1.2 billion in cash from a group of shareholders that includes CVC Capital Partners Asia Pacific, as it looks to boost its presence in South East Asia.