KMB Kimberly Clark Corp

By Colin Kellaher 

Kimberly-Clark Corp. on Wednesday said it would raise selling prices across the bulk of its North America consumer-products business to help counter rising costs of raw materials.

The maker of Huggies diapers and Scott paper products said it would raise prices by a percentage in the mid- to high-single digits, and the increases will go into effect in late June.

The moves will impact its baby- and child-care, adult-care and Scott bathroom-tissue businesses, Kimberly-Clark said.

The Irving, Texas, company said the increases, which it will implement almost entirely through changes in list prices, are needed to help offset significant commodity cost inflation.

A raft of consumer-facing companies, including Cheerios maker General Mills Inc. and Olive Garden parent Darden Restaurants Inc., have recently signaled concerns about rising commodity prices.

(END) Dow Jones Newswires

March 31, 2021 09:45 ET (13:45 GMT)

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