In what is being called one of the largest corporate takeovers in years, Kimberly-Clark is buying Tylenol parent company, Kenvue, reported AP, with the new company expected to generate about $32 billion annually.

The deal is expected to close in the second half of next year and still needs approval from shareholders of both companies.

Still, the cash and stock deal is worth about $48.7 billion with shareholders of Kimberly-Clark owning about 54% and Kenvue shareholders about 46% of the combined company.

The takeover sees many household brands now come under one roof as Kenvue’s Tylenol , Listerine mouthwash and Band-Aid joins Kimberly-Clark’s Cottonelle toilet paper, Huggies and Kleenex tissues.

Johnson & Johnson first spun off Kenvue two years ago as an independent company and more

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