Product category:
Packaging, Conveyors and Materials Transfer
News Release from: MonoSol
Edited by the Processingtalk Editorial
Team on 02 March 2007
Catterton Partners acquires MonoSol
MonoSol, the world leader in developing and commercialising specialty water-soluble products, has announced that Catterton Partners has acquired a controlling interest in MonoSol LLC
MonoSol, the world leader in developing and commercialising specialty water-soluble products, has announced that Catterton Partners, one of the nation's leading consumer-focused private equity firms, has acquired a controlling interest in MonoSol LLC The existing ownership and management remain in place
This article was originally published on Processingtalk on 3 Nov 2004 at 8.00am (UK)
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"With an eye on the future, Catterton is focused on developing environmentally friendly consumer companies.
MonoSol is a prefect fit to further this eco-friendly vision with its cutting edge, biodegradable products," said P Scott Bening, President and CEO of MonoSol.
"With Catterton, we will get closer to the end user and extend the MonoSol brand further into consumer markets.
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Catterton will support MonoSol in accelerating technology innovation and market development to solve today's environmental challenges and, in the process, adds value to MonoSol's already strong value proposition" Jon Owsley, a Partner at Catterton, said: "As the market leader in water-soluble packaging, MonoSol is uniquely positioned to capitalise on the rising consumer demand for products that are eco-friendly and innovative, and that offer unique convenience and safety attributes to the consumer.
We look forward to working with the MonoSol team and lending our consumer-centric expertise to help develop the MonoSol brand in a wide range of consumer markets".
"Consumer products companies, major retailers, and consumers themselves are increasingly demanding products with biodegradable packaging," said Michael J Farello, a Partner at Catterton: "We are delighted to participate in the growth of yet another company that is at the forefront of promoting environmental stewardship".
MonoSol is the largest and fastest growing manufacturer of water-soluble packaging and fabrication systems worldwide.
Its soluble, dissolvable and flushable technology is used in single-dose packages for liquid and powder laundry detergents, dishwasher detergents, all purpose cleaners and disinfectants, among others.
MonoSol also has proprietary technology in various high-end fabrication and biodegradable solution systems.
End uses for MonoSol products are growing at over 50% annually driven by the convenience of single-dose packaging and the demand for safe, environmentally friendly systems.
In August 2006, Catterton Partners committed USD50 million of growth capital to Newmarket IT, a leader in the data erasure, remanufacturing, remarketing and environmentally-safe recycling of personal computers.
The business of recycling and reselling PCs safely, securely and responsibly is a USD1.5 billion industry that is growing by 45% per year.
With Catterton investment, Newmarket IT has increased its remanufacturing capacity by more than 300% and expanded its product and geographic coverage to include the recycling of cell phones and other electronic products on a national scale.
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