Kimberly & Clark was founded in 1872 by John A. Kimberly, Havilah Babcock, Charles B. Clark, and Franklyn C. Shattuck in Neenah, Wisconsin. The group's first business was operating paper mills, which the collective expanded throughout the following decades. In 1914 the company developed cellu-cotton, a cotton substitute used by the United States Army as surgical cotton during World War I. Army nurses used cellu-cotton pads as disposable sanitary napkins, and six years later the company introduced Kotex, the first disposable feminine hygiene product. Kleenex, the first disposable handkerchief, followed in 1924. Kimberly & Clark joined with The New York Times Company in 1926 to build a newsprint mill in Kapuskasing, Ontario, Canada. Two years later the company went public as Kimberly-Clark. Thomas J. Falk is the companies current Chairman and CEO and Mark A. Buthman is currently the companies Senior Vice President.
Kimberly-Clark is a leading player in the global health and hygiene category selling bathroom tissues, diapers, feminine products, and paper towels. Its brands include Kleenex, Scott, Huggies, Pull-Ups, and Kotex. Kimberly sells its products directly and distributes them through supermarkets, mass merchandisers, and drugstores, among other outlets. Sales generated outside of North America account for about 45% of the firm's consolidated sales base.
Kimberly-Clark's main competitor is Procter and Gamble. Procter and Gamble produces similar health items such as Bounty, Braun, Crest, Duracell, Gillette, Oral-B, and Vicks to name a few.
We bought shares in the Kimberly-Clark corporation because everyone gets sick and people will always be buying Kleenex and diapers. Health products will always be needed so we figured it would be a good idea to invest.
Our group purchased 30 shares of KMB at $59.96 on 1/26/2010. We sold all 30 shares on 2/24/2010 at $60.43 making a $.47 profit another reason why we sold it was just like XOM this stock took a hit for a few weeks and we decided to sell it once it got back on its feet.
Great name for company.
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