Pellet Fan
Pit Talk -- Comments and Questions Regarding These Pellet Pits => recteq => Topic started by: okie smokie on January 15, 2021, 07:12:36 PM
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Just heard that they are getting new investors for expansion and new products? Hope they are successful without compromises.
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Spellcheck kick in? :)
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Spellcheck kick in? :)
Yup! Gonna try to turn that rascal off!
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I hope they stay with the quality they have and not do what a lot of companies do. CUT COST and QUALITY of build but charge high prices
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I would like one with a rotisserie setup.
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I hope they stay with the quality they have and not do what a lot of companies do. CUT COST and QUALITY of build but charge high prices
Thats what happened to the grand daddy of them all. (I won't mention the name). They still make a reliable pit but are priced way too high.
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You are either growing or headed out the door. There is no middle ground in business. That said, I am afraid they will be messing up a really good thing coming up, but maybe not. Most usually do though, which looks like greed to the masses. Maybe RT won't???
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If they are getting investors, all the free parts they ship out will more than likely be more scrutinized, if they want to continue doing that then prices will go up. Also hopefully they will do something with the way they are packaged, there looks like room for improvement there, I see a lot of FB posts of damaged product, yes some if due to the shipping company, but it is on RT in my opinion. If I see I am having damaged product delivered then I need to find a better shipping company or package it better.
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Looks like it is going to be mutual advantage for both as the investors are Kingsford (or at least that what I am finding on another site. Pellets and pitts should go well together. Doubt that RT will have to change its products. We shall see.
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Sad to see Kingsford in to it. Their involvement in the steakager was awful.
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Sad to see Kingsford in to it. Their involvement in the steakager was awful.
Please explain
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Reminds me of GM and Hummer.
Hummer made a pretty good truck for the Army then GM buys it turns a Tahoe into a H2 and then takes a Trailblazer turns it into the H3 but totally hurt the brand and basically ruined a good company.
I bought RecTeq many years ago and it's been fantastic no complaints what's so ever. Just hope they stay on that path :)
There are plenty of other's I good talk about but no reason to
:2cents: worth
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Just looked on their site, https://www.recteq.com/shop/pellets Kingsford pellets now on their site as well
You can no longer buy pellets unless it's with a grill purchase. Something smells here and it ain't good clean smoke >:(
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Needs closer scrutiny.
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There comes a time in many privately held businesses where your business grows more than you expected and you see a lot of potential upside for future growth. At that point, the owner has a decision to make. Do I reinvest my net worth back into the business and risk losing a significant portion or all of it and not being able to continue to live the lifestyle that you may have been living for some period of time? Or, do I look for an investment partner to take my personal chips off the table and still have the ability to obtain part of the upside growth?
I've been a part of acquiring companies where the owner decided they wanted to take all of their chips off the table and retire early.
I don't know the personal situation of the guy that owns Rec Tec, but I suspect this was part of several decisions he had to make. Good for him to have the choice to be able to do that.
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The deal is with Northwest Equity Partners, and apparently has nothing to do with Kingsford as I first wrote. I know nothing about their goals now, so it is a new game for me. The RT guys (RC and RC) are optimistic about being bigger and better. We shall see.
???