SHANGHAI, March 9 Unilever PLC
has bought a majority stake in water purification company
Qinyuan, its biggest Chinese acquisition in ten years, the
consumer goods company said on Sunday without disclosing what it
Unilever acquired a controlling stake in Qinyuan Group Co
Ltd, which makes water purifiers, drinking water equipment and
water treatment membranes and will complement its existing
purification business under the Pureit brand, its website said.
"This deal will more than double the size of our water
purification business and will bring together complementary
technology from Pureit and Qinyuan," the press release quoted
Unilever global CEO Paul Polman as saying.
Qinyuan generated sales of about 140 million euros ($200
million) in 2013, Unilever said.
The Chinese company's founder will stay on as CEO, it said.