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Headquarters:
PO Box 619100
Dallas, TX 75261
Employees: 43,000
CEO: Thomas Falk
Stock Symbol: KMB
Website:
http://www.kimberly-clark.com
Career Site
Kimberly-Clark is a leading maker of consumer products that are sold in more than 175 countries and used by nearly a quarter of the world's population.
With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex, Poise and Depend, Kimberly-Clark holds No. 1 or No. 2 share positions in more than 80 countries.
The company is spinning off its health care business into a new publicly traded company called Halyard Health in October.
Huggies is the leading diaper brand for Kimberly-Clark and the business generates $4.7 billion for the company. Scott is a $2+ billion business and Kleenex is also a $1 billion business.
The company has employees working in 37 countries.
In 2015, Kimberly-Clark reported revenues of $18.6 billion, down 5.7% from the previous year, and net income of $1.06 billion.
History
1872
Kimberly, Clark and Company established in Neenah, WI, with
$30,000 capitalization.
Four young businessmen, John A. Kimberly, Havilah Babcock, Charles
B. Clark, and Frank C. Shattuck, joined forces as partners in
this Wisconsin village and put together the modest sum of $30,000
to start Kimberly, Clark and Co.
1879
Scott Paper Company founded in Philadelphia by Irvin and Clarence
Scott. Brothers
Seymour and Irvin Scott ran a paper commission business for 12
years, but the poor economy in the 1870s forced them out of business.
Irvin and his younger brother, Clarence, then decided to form
their own company out of the remains of the first. Irvin reportedly
borrowed $2,000 from his father-in-law and added it to the $300
the two brothers had to form the capital of Scott Paper Company.
1880
Name changed to Kimberly & Clark Company. Incorporated
with a capital stock of $400,000.
By 1880, the company had done extremely well, so the partners
decided to incorporate as the new Kimberly & Clark Company,
with a capital stock of $400,000.
1890
Scott Paper Company becomes nation's leading producer of bathroom
tissue. By
1890, Scott Paper became the nation's leading producer of bathroom
tissue. Manufacturing the then "unmentionable" product
was the turning point for the company and would pay huge dividends
for a long time.
1906
After the deaths of three of the four founders, Kimberly &
Clark Company is reorganized and incorporated as Kimberly-Clark
Company with capital of $2 million.
Following the reorganization, John A. Kimberly gradually withdrew
from an active role in the company. He continued as president,
retaining the title until his death on January 21, 1928, at the
age of 90. For the last 20 years of his life, he lived in Redlands,
CA, effectively letting others run the firm.
1907
Scott Paper introduces the Sani-Towels paper towel, the first
paper towel in America.
Scott Paper invented disposable paper towels for use in Philadelphia
classrooms to help prevent the spread of the common cold from
child to child.
1955
Scott Paper is the first paper producer to advertise bathroom
tissue on national television.
Scott was an innovator in television advertising and became the
first paper producer to advertise bathroom tissue on national
television when it aired a commercial for ScotTissue.
1978
Kimberly-Clark introduces Huggies diapers.
With elastic at the legs and an hourglass shape, Huggies diapers
were an instant hit when introduced in 1978. Over the years,
K-C researchers have continually improved the product's absorbency
and fit, making Huggies the number one brand in the U.S.
1995
Scott Paper and Kimberly-Clark merge. After months of negotiations in 1995, the merger was announced on July 17, 1995. The $9.4 billion merger created a leading global consumer products company
In 2014, the company spun off its health care division now known as Halyard Health.
Benefits
Medical Options - K-C offers three national plans (Catastrophic;
Preferred Provider Organization and Exclusive Provider Organization.
Some locations offer a local Health Maintenance Organization
in place of the Exclusive Provider Organization. Each year, you
can choose a plan to meet your current health needs. From the
day you are hired, you and your dependents are eligible for medical
coverage with no waiting periods or pre-existing condition exclusions.
Dental Options - At some K-C locations, you even
have service choices under the dental plan. You can choose the
standard fee for service indemnity plan or a Dental Health Maintenance
Organization.
Other benefits include life insurance,
paid vacations, holidays, incentive retirement plan and retirement
contribution plan.
Updated January 31, 2016
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