Consumer products giant
) has been focusing on shaping its portfolio to deliver
sustainable growth. It aims to make products that improve health
and well-being and do not harm the environment. With the
announcement of the acquisition of a majority stake in the
Qinyuan Group, a leading Chinese water purification business on
Mar 9, the company has taken a step further in making safe
drinking water available and affordable to people across the
Unilever acquired a majority stake in the Chinese water
purifier maker for an undisclosed amount - making its biggest
deal in China in more than 10 years. Unilever owns a global water
purification business - Pureit (launched in 2005), which is
available in several countries in South Asia, South East Asia,
Latin America and Africa. The deal will allow Unilever to more
than double the size of its current water purification business
and also expand its business in China, where the water
purification market has been growing rapidly. Unilever will also
benefit from Qinyuan's strong foothold in the local market, its
marketing platform, and its manufacturing and distribution
This deal is a strategic fit for both Pureit and Qinyuan, as
their combination will offer a complete range of water
purification products. Ye, the founder of the Qinyuan Group, will
continue to be the CEO of the business.
Like Unilever, consumer goods giants
Procter & Gamble Co
) also believes in sourcing and manufacturing its products
sustainably in order to enhance the livelihood of its employees
and reduce the environmental impact of its products.
Unilever currently holds a Zacks Rank #2 (Buy). Investors can
also consider other food companies such as
Diamond Foods Inc.
The Hain Celestial Group, Inc.
), which sport a Zacks Rank #2.
DIAMOND FOODS (DMND): Free Stock Analysis
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UNILEVER N V (UN): Free Stock Analysis Report
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