A.O. Smith Buys Pureit for ₹601 Crore
A. O. Smith Corporation has bought Pureit, a water purification brand that was owned by HUL, for ₹601 crore ($72 million). This deal is not expected to affect earnings much in the first year. The acquisition aims to boost A. O. Smith's premium products and improve its online sales.
By Avi G
November 1, 2024