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Wednesday, Jul 17, 2024
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Penta Picks Up East Coast Investor

Carlsbad-based Penta Water Co., which sells purified drinking water, announced July 25 that it has received a significant investment from Greenwich, Conn.-based Plainfield Asset Management LLC. The amount of the investment has not yet been disclosed but it has been announced that F. Peter Cuneo, a senior adviser at Plainfield, will be joining Penta’s board of directors.

Two of the reasons cited for the investment were the trend toward healthy products and Penta’s proprietorship of the patented creation process.

, Preet Anand

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