“We are delighted to be making this strategic investment – a majority stake in Qinyuan – our biggest acquisition in China for more than 10 years,” said Unilever CEO Paul Polman. “Unilever has been building a global water purification business with Pureit, a very effective, affordable water purification device, already present in several countries in South Asia, South East Asia, Latin America and Africa. This deal will more than double the size of our water purification business and will bring together complementary technology from Pureit and Qinyuan and leverage Qinyuan’s local marketing insight, manufacturing and distribution strength all under the Unilever umbrella.”
Source: Unilever
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