There is a vast price difference grill model lines match up very well, especially since the release of the RT-1250 which competes directly with the Traeger Timberline 1300. It seems the Traeger CS is spotty at best and the quality on both other options seemed better to me as well. The Traeger Lil Tex Elite offers a main cooking chamber composed of heavy-gauge steel, complete with a powder finish. The larger the hopper, the better, since nobody wants the hassle of constant refilling. This article features the two most purchased models: the Yoder YS640 and the Rec Tec Bull RT-700. If you then look at the price of the largest reasonably-priced Rec Tec, the Rec Tec (RT) 700 ($1200), In terms of pricing, both the Traeger and the Yoder Grills qualify as premium brands. In the battle of Rec Tec vs Yoder pellet grill, the former has a larger cooking space that can accommodate up to six decently large meat pieces. 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.Rec Tec Vs Traeger Vs Yoder3X thicker than the RT-700. In a prepared release Monday, NEP partner Sundip Murthy described recteq as “another great addition to our consumer products portfolio. Norwest Equity Partners, founded in 1961, is a middle-market investment firm that its leaders say looks for companies sporting strong business models and a demonstrated ability to produce profit. Last October, recteq entered into a partnership with Kingsford, the company founded in 1920 to produce charcoal briquettes but today produces the type of hardwood pellets that recteq grills use for fuel. More: Scuttlebiz: REC TEC Grills embraces ‘lifestyle’ branding The new public image was designed to forge recteq as a “lifestyle brand,” a type of product branding in which companies market their products in ways that share the values, attitudes and desires of a particular social subculture – in this case, grilling enthusiasts. Last summer the company dropped the Rec Tec name and emerged in a rebranding as recteq, with an all-lowercase spelling and a “q” at the end that the company has said stands for the product’ quality. In February 2020 it moved production to a new 200,000-square-foot facility on Evans to Locks Road formerly occupied by catalog printer Quad/Graphics, before the Wisconsin-based company started closing the business in December 2015. The company has implemented several changes in the past year. The cookers are marketed as providing more consistent cooking temperatures and better air flow than more conventional charcoal or gas grills. Started by Cundy and Ray Carnes in 2009 as Rec Tec, the company produces outdoor cookers fueled by wood pellets. The company receives resources to fund growth such as a physical expansion or the development of new products. “We feel really grounded with a solid foundation for growth in 2021, and beyond, and are excited to partner with NEP to support our growth objectives.”įinancial terms of the deal were not immediately disclosed.Īn equity partnership is when an investor looking for a promising business provides capital to a company desiring to grow. “We’ve been fortunate to experience strong industry tailwinds and increased brand awareness which have led to continued strong revenue growth,” recteq cofounder Ron Cundy said in a prepared release. A Columbia County manufacturer of pellet grills has partnered with an equity firm that specializes in building smaller companies into industry leaders.Įvans-based recteq announced its deal with Minneapolis-based Norwest Equity Partners on Monday morning, signaling that recteq could be preparing to grow.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |