Kimberly-Clark buys Life-Tech anesthesia unit

Associated Press

DALLAS (AP) -- Consumer products company Kimberly-Clark Corp. said Tuesday that it is buying Life-Tech Inc.'s anesthesia business.

The business provides needles, catheters, and accessories associated with procedures used to treat peripheral nerve blockage. Kimberly-Clark distributed those products as part of a previous deal with Life-Tech.

The companies did not disclose terms of the deal.

Shares of Kimberly-Clark rose $1.81 to $99.74 in afternoon trading. Earlier the stock reached an all-time high of $99.89 in a broad market rally.