Sorbent to Acquire Stayfree and Carefree in Australia and New Zealand

Sorbent Paper Company has agreed to acquire Kenvue's Stayfree and Carefree feminine care business in Australia and New Zealand. The deal marks Sorbent's entry into the feminine hygiene category and strengthens its position in the consumer tissue category. Stayfree and Carefree are well-established brands with strong consumer recognition and retail presence. Sorbent plans to leverage its local market expertise and supply chain to support the continued development of the businesses. Financial terms of the transaction have not been disclosed.