Amazon is shopping up to $1.9 billion in a deal that would give the company a global market leader in purell-based soap dispensers.
The purchase would mark the largest purchase in Purell’s history, surpassing the $1 billion Amazon bought in 2013 for its $1,000 Purell Laundry & Beyond machine.
The Purell machine is used by Amazon and more than 2,500 other retailers around the world, including Whole Foods, Starbucks, Target and McDonald’s.
Amazon chief executive Jeff Bezos has been bullish on Purell, which was founded in 2002 and has a market capitalization of about $1 trillion.
Purell has made a number of acquisitions, including a $2 billion purchase in 2015 for Purell Inc. and a $500 million deal in 2013 to acquire the technology and business that made its products available to customers in India.
In 2018, Amazon bought a $200 million stake in Purely Liquid, a company that sells a number, including Purell-branded soap.
That same year, Amazon acquired the $600 million investment from Softbank, the Japanese technology giant that owns the majority stake in SoftBank Group Corp.
Amazon is spending the money on acquiring Purell for its new Purell TFX dispensers, according to people familiar with the deal.
The deal is subject to regulatory approval, the people said.
Amazon has been working with Purell to get its products to customers, including on the AmazonFresh program, which is a program that allows people to buy products in stores without needing to go online to shop.
It’s one of several Amazon initiatives that have included partnerships with retailers to deliver the same-day delivery.
Amazon recently announced plans to buy grocery-delivery company Nextdoor for $3.3 billion, adding a new type of delivery service that includes grocery delivery to its online shopping.
The company said it will invest more than $1 million in Nextdoor, with plans to add 10 million deliveries per year.