acquired Microcuff GmbH of Weinheim, Germany, in a bid to expand its medical devices business.
Dallas-based Kimberly-Clark, maker of Kleenex and Huggies, didn't disclose terms of the acquisition. But it said Microcuff has developed patented catheter technology, integrating micro-thin balloon components that can be applied to numerous health care products.
Kimberly-Clark said the deal will provide its health care business with a proprietary technology base to build on its current airway management business, including offering differentiated medical devices that reduce ventilator-associated pneumonia.
"The acquisition of Microcuff is consistent with our Global Business Plan initiatives to introduce high-margin solutions for the operating room and infection control, much like the patient warming solutions that came out of the technology we acquired from Medivance two years ago," said Joanne Bauer, president of Kimberly-Clark Health Care.
Microcuff was founded in 2001 by Drs. Fred and Lothar Gobel and Wolfgang Blecher.
Early Monday, Kimberly-Clark was flat at $57.24.