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Essity has completed the acquisitions of Canadian Knix Wear Inc. and Australian Modibodi, both leaders in leakproof apparel for periods and incontinence. This strategic move positions Essity as the global market leader in this rapidly growing segment of Intimate Hygiene. Essity acquired 80% of Knix, with its founder retaining 20% and continuing as President. Modibodi, known for its online direct-to-consumer model, will also enhance Essity's portfolio. Consolidation of Knix began on September 1, 2022, while Modibodi was consolidated from August 1, 2022.
