Procter & Gamble (NYSE:PG) today announced the sale of its Escudo soap brand in Mexico and other Latin American countries to Kimberly-Clark de Mexico S.A.B. de C.V.

The transaction, for an undisclosed amount, is expected to close during the first half of 2016 subject to necessary regulatory approvals.

Escudo, launched in Mexico more than 50 years ago, is the leading local antibacterial soap brand.

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide.