<h1>CEO steps down after $36 million acquisition of waterless personal care technology company</h1> A founder and CEO stepped down following the acquisition of a personal care company known for waterless technology solutions. The company, valued at $36 million, specialized in waterless bathing and hygiene products initially developed for military applications. The founder previously spent eight years building defense technology before transitioning to consumer products in 2016. The company expanded across retail channels and attracted institutional interest, including from major e-commerce platforms. Following the acquisition, the founder announced plans to enter a reflection phase, hinting at future ventures in writing and venture-building activities.