NMP Capital is excited to support NiTEO Products, an existing portfolio company of Highlander Partners, in its acquisitions of Folexport, Inc. (dba Folex) and Faultless Brands. NiTEO is a leading formulator, packager, and marketer of household, and automotive chemical brands.
Folex is a manufacturer and provider of cleaning products for carpets, fabrics, and hard surfaces, while Faultless Brands manufactures category-defining brands to the household products industry. Faultless branded portfolio includes Faultless, Niagara, and Magic, which are the market share leaders in fabric care, and Bon Ami, a scratch-free powder cleanser known for its ability to clean without harsh chemicals.
This transaction is NMP’s seventh investment alongside Highlander, a Dallas-based private investment firm founded in 2004. The two firms completed their first investment together in 2017.
NiTEO Products is a premier formulator, packager and marketer of highly regarded household and automotive appearance and performance/maintenance chemical brands. These include APF in the car wash category; CarBrite in the professional appearance category; and the Pyroil, Motor Medic and Cyclo brands in the automotive maintenance and performance category, and OZIUM in the household air care category.
Highlander Partners is a Dallas-based private investment firm with more than $3 billion in assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Highlander Partners employs a buy and build investment approach, creating value by helping companies grow both organically and through acquisitions.
NMP Capital invests debt and equity capital in partnership with financial sponsors. NMP focuses on making investments in private equity-backed companies across a broad range of industries, including business services, consumer, industrials, and healthcare. For over 20 years, NMP has worked as committed, thoughtful investment partners who deliver creative and flexible transaction solutions.