A. O. Smith Announces Majority Stake Sale of China Business to CPE
A. O. Smith (NYSE: AOS) has entered into a definitive agreement to sell an 81% majority interest in its China operations to CPE, a prominent alternative asset manager. The transaction is expected to close in the first half of 2027. Following the divestiture, management projects that sales growth will increase by approximately 4% excluding the impact of the China business. This strategic move aims to reshape the company's geographic revenue mix and focus on other core markets.
Tickers: $AOS
Topics: China business divestiture earnings call majority interest sale
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