A. O. Smith to Acquire Pureit, a Leading Water Purification Business in South Asia

Core Viewpoint - A. O. Smith Corporation has announced the acquisition of Pureit from Unilever for approximately USD $120 million, aiming to enhance its market position in South Asia and expand its premium product portfolio [1][2]. Group 1: Acquisition Details - The acquisition price for Pureit is approximately USD $120 million in cash, with annual sales of Pureit around USD $60 million, primarily in India [1]. - The acquisition is expected to be completed by the end of 2024 and is not anticipated to materially impact earnings in the first year [1]. Group 2: Strategic Implications - The addition of Pureit is expected to strengthen A. O. Smith's leadership in the global water treatment market and double its market penetration in South Asia [2]. - The acquisition aligns with A. O. Smith's corporate strategy to enhance its premium product offerings and distribution capabilities [2]. Group 3: Company Background - A. O. Smith Corporation, celebrating its 150th anniversary, is a global leader in innovative technology and energy-efficient solutions for water heating and treatment products [4].