During the fourth quarter of 2024, the Company acquired Pureit, a residential water purification business in South Asia, from Unilever for an aggregate purchase price of $124.6 million. The acquired company is included in the Rest of World segment. The purchase price consisted of an initial cash payment of $117.9 million upon the closing of the transaction and a separate payment of $6.7 million for inventory made under a transitional supply agreement with Unilever. The Company incurred acquisition costs of approximately $1.4 million. The purchase price allocation remains preliminary and subject to final valuation adjustments that will be completed within the one-year period following the acquisition date.

The following table summarizes the preliminary allocation of the fair value of the assets acquired and liabilities assumed at the date of acquisition. Of the $57.4 million of acquired identifiable intangible assets, $48.9 million was assigned to trademarks that are not subject to amortization, $3.9 million was assigned to patents which are amortized over 15 years, and the remaining $4.6 million was assigned to customer relationships which are amortized over two to three years. The excess of the acquisition purchase price over the fair value assigned to the assets acquired and liabilities assumed was recorded as goodwill.


November 1, 2024 (dollars in millions)
Current assets	$	5.6
Property, plant and equipment	0.6
Intangible assets	57.4
Goodwill	62.9
Total assets acquired	126.5
Current liabilities	(1.9)
Net assets acquired	$	124.6

During the first quarter of 2024, the Company acquired a privately-held water treatment company. The Company paid an aggregate cash purchase price of $21.3 million, net of cash acquired. The Company also agreed to make contingent payments based on the amount by which sales of products increase over the next three years. The addition of the acquired company expanded the Company's water treatment footprint in North America. The acquired company is included in the North America segment.