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Sweden's Essity finalises acquisitions of Knix & Modibodi

01 Sep '22

1 min read

Pic: Essity

Hygiene and health company Essity has finalised the acquisitions of Canadian company Knix Wear Inc and Australian company Modibodi, both leading providers of leakproof apparel for periods and incontinence. With these acquisitions, Essity will become the global market leader within leakproof apparel, the fastest growing product segment in intimate hygiene which includes feminine care and incontinence products.

Knix offers a broad assortment of intimate apparel with leading positions in the growing leakproof apparel category. The company has a strong presence in the US and Canada and sells mainly direct-to-consumer through online channels. Essity has acquired 80 per cent of the shares in Knix. Founder and CEO, Joanna Griffiths, holds the remaining 20 per cent share and stays on as president of Knix, Essity said in a media release.

Modibodi provides leakproof apparel for periods and incontinence. The company has a strong presence in Australia, New Zealand and the UK and operates an online, direct-to-consumer business model, with growing sales in retail and through e-tailers.

Knix will be consolidated into Essity’s accounts as of September 1, 2022, and Modibodi as of August 1, 2022.

Fibre2Fashion News Desk (KD)