Much like we saw with Dansons, Nexgrill’s parent company had explosive growth during the pandemic. According to a press release, they made the Inc. 5000 list of fastest growing private companies, coming in at 4,778 with 87% three-year growth.
Global Leisure was formed as a combination of Nexgrill, Megamaster and a private label division. While Nexgrill is well known in the US, Megamaster is the largest supplier of lifestyle cooking and heating products in the South African market. Through Global Leisure’s private label group, they’ve manufactured grills for names such as KitchenAid.
Their sales growth is inline with what the whole sector did through the pandemic. Unfortunately, that growth hasn’t continued into 2022. They’ll have a hard time making the Inc. 5000 list for 2023 with the sector slowdown.