Catterton sells detergent tech. company
Catterton Partners is selling off MonoSol L.L.C., a maker of water-soluble films that dissolve to release single doses of dishwasher and laundry detergents.
Tokyo-based Kururay Co. Ltd. did not disclose what it paid Catterton, a Greenwich-based private equity company that focuses on consumer products.
Catterton acquired Merrillville, Ind.-based MonoSol in 2007, with the company employing 300 people today. Cascade ActionPacs and Tide Pods are among the consumer products that use its technology.
In April, Catterton invested $20 million in NJOY, a Scottsdale, Ariz.-based maker of “electronic cigarettes.”