Unilever to buy Blueair | Fin24
 
  • Pioneer

    Allan Gray was an investment disruptor who brought change to young South Africans.

  • Job Losses

    Government wants ArcelorMittal to sell its Saldanha Bay plant, rather than shut it down.

  • Ferial Haffajee

    South Africans are a cynical lot. Are we are missing that the business investment strike is over?

Loading...

Unilever to buy Blueair

Aug 16 2016 09:42
Thomas Mulier

London - Unilever agreed to buy Blueair, a Swedish maker of household air purifiers used to remove allergens so asthma sufferers can breathe more easily.

The Stockholm-based company had sales of $106m last year, Unilever said in a statement on Tuesday, without disclosing the price.

The company is one of the largest makers of premium air purifiers in China, the US, Japan, South Korea and India.
Unilever said the purchase will complement its water-purification business.

The company has been relying on deodorants and hair-care products to prop up revenue this year as sales of its margarine and bread spreads lag.

Read Fin24's top stories trending on Twitter:

unilever  |  acquisitions  |  retail
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...