Norwest Equity Partners Acquires Red Monkey Foods from San Francisco Equity Partners

Norwest Equity Partners (NEP) has acquired Red Monkey Foods, a Springfield, Missouri-based maker of organic spices, seasonings and branded salts, from San Francisco Equity Partners (SFEP). Financial terms were not disclosed; NEP said it will partner with Red Monkey's management to scale the company's private-label and branded salt businesses across grocery, mass, specialty and e-commerce channels. SFEP, which invested in Red Monkey in 2016, more than tripled revenue and EBITDA during its ownership.