Dhaka, Bangladesh— Global water technology company A. O. Smith Corporation (the “Company”) (NYSE: AOS) today announced it has completed its acquisition of Pureit, a Unilever PLC business. Pureit offers a broad range of residential water purification solutions in South Asia, including a leading market position in Bangladesh.
“Pureit complements our premium brands in the market and their strength in e-commerce will allow us to expand our presence in that channel,” said Kevin J. Wheeler, the Company’s chairman and chief executive officer. “This acquisition aligns with our strategy of adding scale and enhances our premium water treatment product portfolio and distribution footprint.”
Pureit was first launched in 2004 in Chennai, India, to provide accessible and safe drinking water to the fast-growing populations of South Asia, and beyond. Today Pureit is a leading water purification business operating in India, Bangladesh, Sri Lanka, Vietnam and Mexico, among other markets, with a diversified product offering across devices, filters and spares.
“We are excited to welcome Pureit to the A. O. Smith family. Pureit’s history of providing effective water purification solutions has made them a leader in the water industry,” said Parag Kulkarni, president of A. O. Smith Indian Water Products Private Limited. “Our cultures align closely, emphasizing innovation, best-in-class customer service and premium products. Together, we will elevate our brand and expand our reach and impact across South Asia.”
“We are thrilled to join forces with A. O. Smith, a global leader in water technology, to bring enhanced water purification solutions to Bangladesh. This acquisition marks an exciting chapter for Pureit in Bangladesh as we leverage A. O. Smith’s expertise to further our commitment to providing safe and pure drinking water to our customers,” added Sarifuddin Nawroz Ahmed, Pureit’s head of business in Bangladesh. “Together, we aim to elevate standards in water purification, delivering innovative and reliable solutions to meet the growing needs of our community.”
The agreement to acquire Pureit was announced earlier this year, and the acquisition will not have a material impact on the Company’s earnings in the first year. Click here to view release.
About A. O. Smith
Celebrating its 150th year of business, A. O. Smith Corporation, with headquarters in Milwaukee, Wisconsin, is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE: AOS), the Company is one of the world’s leading manufacturers of residential and commercial water heating equipment and boilers, as well as water treatment products. For more information, visit www.aosmith.com.
SOURCE: A. O. Smith Corporation