Essity completed the acquisition of an 80% stake in Knix Wear for $320m.

Essity, a hygiene and health company, completed the acquisition of an 80% stake in Knix Wear, a provider of leakproof apparel for periods and incontinence, for $320m. "I am delighted to welcome Knix to Essity. It's a successful company with an impressive track record. Essity is now becoming the global market leader in leakproof apparel, which is an important step towards our goal of being the world's fastest growing company in Intimate Hygiene, providing increased well-being for customers and consumers," Magnus Groth, Essity President and CEO.