Kimberly-Clark stops operating in Bolivia after 25 years and sells its assets to Empacar

After 25 years of operating in Bolivia, the Kimberly-Clark hygiene products industry announced this Tuesday that “it has modified its business model in the country” and sold its assets to the Bolivian company Empacar. The firm did not disclose the transaction amount of the sale.

“After an exhaustive and thoughtful analysis, the company has sold its assets, the production plant and the distribution center to the Empacar company. This decision was made due to the need to adapt to changes in the market.worldwide, to maintain our competitiveness and leadership, as well as ensure that we have the correct structure to respond to the challenges that arise in the markets where we operate,” the company reported in a statement addressed to EL DEBER.

The American firm had a modern plant in the Industrial Park of the city of Santa Cruz, where it produced brands like Huggies (Disposable diapers), Kleenex (tissues), Kotex (feminine towels), Scott (toilet paper) and industrial hygiene products Kimberly-Clark Professional, among others.

“In line with our values and principles, Kimberly-Clark will provide all the support and accompaniment to our interest groups, in addition to guaranteeing compliance with our legal obligations, based on current local legislation. Kimberly-Clark products will continue to be marketed in Bolivia through a third party“added the company.

The purchasing company, Empacar, is recognized in the industrial sector in the manufacture of cardboard boxes. It is linked to Kuljis Perrogón business group, which two years ago inaugurated a modern Mi Bebe brand diaper factory.

Its beginnings date back to the late 70s, when the Cruceña Paper Industry, which was later called Kupel. In 1992 it ventured into the manufacture of disposable diapers of the brand Bebito, which a few years later was sold to Kimberly-Clark.