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NiTEO Products, a Portfolio Company of Highlander Partners, Acquires Folex
NiTEO Products expands its branded household cleaning line with Folex acquisition, backed by Highlander Partners and $3 billion in assets under management.
- DALLAS-Based NiTEO Products announced the acquisition of Folex from Barrett and Patty Lash, supporting its goal of expanding household cleaning brands.
- Folex, founded in 1966, is based in Tualatin, Oregon, and primarily sells through Target, Home Depot, and Lowe's, gaining a cult-like following for its efficacious products.
- Monroe Capital LLC provided senior financing, and NMP Capital supplied mezzanine debt and equity to support the transaction, which expands NiTEO Products Household Products division.
- NiTEO said the transaction supports its strategic objective of building a branded portfolio and thanked Barrett and Patty Lash for entrusting the FOLEX brand.
- With more than $3 billion in assets under management, Highlander Partners employs a buy-and-build approach, according to NiTEO announced, supporting growth through acquisitions.
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27 Articles
27 Articles
Fox 4 Kansas City+26 Reposted by 26 other sources
NiTEO Products, a Portfolio Company of Highlander Partners, Acquires Folex
·Kansas City, United States
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Total News Sources27
Leaning Left2Leaning Right2Center8Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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