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Pan-African property group will use most of the money to buy and refurbish a facility in Nairobi that will be leased to a major contract manufacturer of consumer products
Norwest Equity Partners Invests in Recteq
Norwest Equity Partners, a middle market investment firm, has made a significant investment in
recteq, a designer, marketer, and direct seller of premium pellet grills, accessories, and other consumable products.
Sundip Murthy, NEP partner, stated, “recteq is another great addition to our consumer products portfolio. The NEP team has tremendous ability to work with high-growth, founder-owned businesses and we are excited about our partnership with Ron, Ray and the rest of their management team. They’ve built an outstanding lifestyle brand with a culture of innovation that is well positioned for continued growth.”
“The precise delivery of temperature and control provided by recteq grills offers an unparalleled grilling experience. As pellet grills continue to take a greater share of the grill market, recteq has multiple areas to grow and win with further product, channel, and geographic extensions. The Company’s suite of prod