Mumbai: Hindustan Unilever Limited (HUL) has signed an agreement to sell its Pureit business in India to A. O. Smith, a prominent global water technology company.
Rohit Jawa, CEO & Managing Director of HUL, said, “This move is in line with our strategic intent to focus sharply on our core categories. Pureit provides essential water purification solutions to millions of loyal consumers, and I am confident the brand will thrive further under the ownership of A. O. Smith.”
Parag Kulkarni, president of A. O. Smith India Water Products Private Limited, said, “The Pureit brand, known for innovative water purification products, strong brand recognition and dedication to customer service, complements A. O. Smith’s geographic and channel presence. The Pureit team’s deep understanding of consumer needs and water treatment expertise adds tremendous strength to A. O. Smith in India, and we look forward to welcoming the Pureit team to the A. O. Smith family.”
The transaction is subject to customary closing conditions; HUL will manage the business until completion.
