Refreshment focuses on the water dispenser/cooler, office coffee service and vending sectors, while also taking an in-depth look into products for vending from bottled water and drinks, to snacks and confectionery. It also focuses on hydration, health and wellness, new technologies and environmental and social responsibility issues.
.png)
Research
Coffee & tea
%20(1).jpg)
Unilever has agreed to sell its water purification business, Pureit, to A. O. Smith, a US-based water technology company.
Pureit operates across India, Bangladesh, Sri Lanka, Vietnam and Mexico.
Eduardo Campanella, president of Unilever Home Care, stated that the sale aligns with Unilever's strategy to focus on high-growth areas, in line with the company's Growth Action Plan. He expressed confidence that Pureit would "thrive further" under A. O. Smith's ownership.
Kevin J. Wheeler, chairman and CEO of A. O. Smith, highlighted that the acquisition would strengthen Unilever's position in the premium water treatment market and double its reach in South Asia. He added: "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.”
The sale is subject to customary closing conditions. Unilever will continue to manage Pureit until the deal is finalised.
Terms of the transaction were not disclosed.
Top image: ©Unilever Pureit
#Unilever #AOSmith #US
Related posts
365 Retail Markets rolls out unified payment feature for modular smart stores
US-based unattended retail technology provider 365 Retail Markets has introduced a new payment capability, VisionLink, for its Vision Smart Stores, designed to consolidate transactions across multiple units into a single purchase.
