Castanea Partners has invested in Essentia Water, LLC, aiming to support the company's growth in the premium alkaline water market.
Target Information
Essentia Water, LLC, established in 1998, is a prominent producer of enhanced alkaline water, known for its proprietary process that generates electrolyte-enhanced water with a pH level of 9.5. The company's mission revolves around hydrating, restoring, and balancing the body to promote optimal health. Under the leadership of founder Ken Uptain, Essentia has experienced significant growth in recent years, successfully expanding its distribution across North America.
Industry Overview
The bottled water industry has seen robust growth globally, driven by increasing health consciousness and demand for higher-quality hydration options. In the United States, the bottled water market continues to benefit from trends emphasizing wellness and convenience. Consumers are increasingly gravitating towards products that support better health outcomes, making alkaline water an attractive segment within this landscape.
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Additionally, the rise of premium beverage brands has further fueled interest in enhanced waters. These products are often marketed with health benefits, appealing to a demographic focused on fitness and overall w
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Castanea Partners
invested in
Essentia Water, LLC
in 2023
in a Growth Equity & Expansion Capital deal