SOURCE: ICG Commerce

January 08, 2007 10:30 ET

Kimberly-Clark Selects ICG Commerce to Provide Sourcing and Supply Management Services

DALLAS, TX and PHILADELPHIA, PA -- (MARKET WIRE) -- January 8, 2007 -- ICG Commerce, a leading procurement services provider, has signed a five-year contract to provide certain sourcing and supply management activities for Kimberly-Clark Corporation (NYSE: KMB). Outsourcing of these services to ICG Commerce is part of Kimberly-Clark's global competitive improvement initiatives, which were announced in July 2005. Other terms of the contract were not disclosed.

"This move will allow us to better direct our resources on innovation, brand-building and other capabilities that will drive long-term sustainable growth," said Ian Maginnis, Kimberly-Clark's Vice President of Business Support Delivery. "By selecting ICG Commerce, Kimberly-Clark's sourcing and supply management staff will focus their expertise on such critical business purchases as raw materials and packaging supplies, while leveraging ICG Commerce's market knowledge, sourcing strategies and procurement experience to reduce costs and improve efficiency."

Under the contract, ICG Commerce will manage sourcing and vendors and process purchase orders for Kimberly-Clark's North American and European operations in the areas of maintenance, repair, operating supplies and contract services.

"Kimberly-Clark is clearly dedicated to enhancing their world-class operations and further improving their purchasing function," said Carl Guarino, Chief Executive Officer, ICG Commerce. "As a procurement outsourcing specialist, we will work closely with Kimberly-Clark to implement a program that will provide both process improvements and cost savings for the company."

About Kimberly-Clark

Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people -- nearly a quarter of the world's population -- trust Kimberly-Clark brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds No. 1 or No. 2 share positions in more than 80 countries. To keep up with the latest Kimberly-Clark news and to learn more about the company's 134-year history of innovation, visit

About ICG Commerce, Inc.

ICG Commerce ( is a leading Procurement Services Provider exclusively focused on helping companies achieve greater control and increased value from the spend they manage. The company offers sourcing and ongoing operational buying services that enable companies to manage more spend, ensure compliance and drive continual improvements. By working with dozens of leading procurement organizations, ICG Commerce brings its execution-based, continually compounding experience to every customer.

ICG Commerce is a privately held company founded in 1992, and a member of Internet Capital Group's (NASDAQ: ICGE) network of partner companies. The company has been recognized by Forbes, Fortune, The International Association of Outsourcing Professionals (IAOP) and leading industry analysts for its leadership in procurement outsourcing.

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