date:Mar 12, 2014
Unilever has acquired a majority stake in the Qinyuan Group, a leading Chinese water purification business for an undisclosed amount. Qinyuan generated sales approaching 140 million (c. 1.2 billion RMB] for the 12-month period ending 31 December 2013.
Unilever CEO Paul Polman said: We are delighted to be making this strategic investment a majority stake in Qinyuan our biggest acquisition in China for more than ten years. Unilever has been building a global water purification business with Pur