Norwest Equity Partners completed the acquisition of QTI Fibers from Highlander Partners.

Norwest Equity Partners, a private equity firm, completed the acquisition of QTI Fibers, a US-based vertically integrated designer and manufacturer of a range of stylish, highly technical fibers and fabrics for high-end consumer and industrial applications, from Highlander Partners, a Dallas-based private investment firm. Financial terms were not disclosed. "We are pleased with the type of business that QTI has evolved into and with the outcome of this investment. We believe QTI is now a leader in high-quality technical fibers and very well-positioned for continued growth and success going forward. NEP is an ideal partner to take the business to another level and we are very happy to see the management team partner with them for future successes," Jeff L. Hull, Highlander Partners President and CEO.