Announced
Synopsis
A. O. Smith, a water technology company, agreed to acquire Pureit, a water purification company, from Unilever, a consumer goods company, for $72m. “We believe the addition of Pureit will strengthen our leadership position as a global supplier of premium water treatment products and double our market penetration in South Asia. The acquisition will also support our corporate strategy by enhancing our premium product portfolio and distribution capabilities. Pureit’s culture of innovation, strong brand recognition and dedication to customer service will be an excellent addition to our premium brand positioning and broad product portfolio in the region. We look forward to welcoming the Pureit team to the A. O. Smith family,” Kevin J. Wheeler, A. O. Smith Chairman and CEO.
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