Unilever, the maker of Ben & Jerry’s ice cream, Signal toothpaste and Lipton tea, has made its biggest acquisition in China for more than a decade with the purchase of a majority stake in Qinyuan Group, a water purification business.
The Anglo-Dutch consumer goods company said the acquisition would more than double the size of its water purification business, which has been based on its Pureit home purifier.
The company did not disclose the price nor the size of its stake but Qinyuan, founded in 1998, had sales last year of €140m.
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