BOSTON (BRAIN) — The parent company of Clean Bottle announced Monday that it is up for sale, seeking a partner or buyer that can "leverage the brand and its technologies to its fullest potential."
In addition to the original Clean Bottle, which has a removable bottom and nozzle designed to make cleaning easier, the assets of Clean Designs LLC also include the Square lifestyle bottle. Both bottles are sold at major retailers including REI and Target.
Clean Bottle launched in 2010 with a guerrilla marketing campaign at that summer's Tour de France, where a "Bottle Boy" mascot chased riders and garnered TV airtime. The company also gained attention appearing on the ABC series "Shark Tank," with NBA hall of famer and avid cyclist Bill Walton pitching for the brand. ("Shark Tank" panelist Mark Cuban, the tech entrepreneur and owner of the Dallas Mavericks, invested in the company.)
Clean Bottle inventor David Mayer said that after eight years building the business, "we are ready to see that taken to the next level with new ownership."
Clean Designs is working with Bell Lap Advisors in exploring options for moving the brand forward. Russell Cree, managing partner at Bell Lap Advisors, stated, "This business represents a nice opportunity to participate in the rapidly growing portable hydration market, with a unique, differentiated, and patent-backed, product line."
Interested parties can contact Cree at Russell@bell-lap-advisors.com.
