A. O. Smith (AOS) announced that it has signed an agreement to acquire Pureit from Unilever (UL). Pureit offers a broad range of residential water purification solutions and has annual sales of approximately $60M, primarily in India. The purchase price will be approximately $120M in cash, subject to customary adjustments. The company expects to complete the acquisition of Pureit by the end of 2024 and does not expect the acquisition to have a material impact on earnings in the first year. A. O. Smith will release its second quarter 2024 financial results before the market opens on Tuesday, July 23, and host a webcasted conference call at 10 a.m. Additional details on the acquisition will be provided at that time.
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