A. O. Smith completes acquisition of Pureit from Unilever for ~$120M

SMITH A O CORP

Purchase price approximately $120 million, subject to customary adjustments.
Pureit offers residential water purification solutions primarily in India; also present in Bangladesh, Sri Lanka, Vietnam, Mexico.
CEO Kevin Wheeler says Pureit complements premium brands and strengthens e-commerce distribution.
Acquisition will not have a material impact on earnings in the first year.
Pureit was first launched in 2004 in Chennai, India; acquisition was announced earlier in 2024.

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