August 16, 2016 / 6:53 AM / in 2 years

Unilever to buy Blueair air purifiers

LONDON (Reuters) - Unilever (ULVR.L) plans to buy Sweden’s Blueair, stepping into the air purification business, the company said on Tuesday.

The logo of the Unilever group is seen at the Miko factory in Saint-Dizier, France, May 4, 2016. REUTERS/Philippe Wojazer/File Photo

Unilever, whose large brands include Dove soap, Lipton tea and Ben & Jerry’s ice cream, has been very active on the acquisition front. Last month it announced a deal for Dollar Shave Club, following a string of smaller cosmetic and skin care deals including Dermalogica and Ren.

Blueair is a leading maker of premium air purifiers in markets including China, the United States, Japan, South Korea and India. It had annual turnover of $106 million (82.1 million pounds) last year.

Unilever said the purchase will complement its water purification business. It did not disclose financial details.

Reporting by Martinne Geller; Editing by Adrian Croft

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