Catterton acquires water filtration company

Sun Water Systems, the maker of home water filtration system Aquasana, has been acquired by North American private equity firm Catterton Partners.

Terms of the transaction were not disclosed.

In addition to Aquasana, the company also designs and manufactures water filtration products under alternative brands label for a number of companies in the US and abroad.

The company's products include drinking filters (countertop and under the counter), shower filters, whole house filters and related accessories.

Scott Dahnke, managing partner of Catterton Partners, says: "Consumers' desire for products that advance safety and control and promote health and wellness are driving explosive growth in the demand for residential water filtration systems. With Aquasana, we are partnering with an industry leader in this highly attractive category, while also extending our portfolio with another company that addresses consumers' growing sensitivity to the environment. By investing in the strong and growing Aquasana brand and capitalizing on the company's direct marketing platform, we see significant opportunities to accelerate Aquasana's growth and market expansion."

Charles Strand, founder of Sun Water Systems, adds: "Our agreement with Catterton Partners represents an exciting opportunity to further build on the record of growth that we have achieved. In looking for a partner who could further propel Aquasana, we were impressed by Catterton's success and experience growing numerous other strong consumer brands. I am very proud of what our team has accomplished and equally excited about the additional upside that I am confident we will capture with Catterton's strategic and financial support."

In addition to Sun Water Systems, Catterton Partners' current representative investments in health and wellness focused companies include O.N.E. (One Natural Experience), a provider of all-natural functional beverages; Breyers Yogurt Company; and Healthy Advice Networks, a health information company in the US.

Catterton's realised investments in health and wellness-focused companies include Odwalla, a health beverage brand in the US; Kettle Foods, a maker of all-natural potato chips; and Wellness Pet Food.




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