Recreational kayak manufacturer Eddyline Kayaks has picked up a minority growth investment from Bentonville investment firm RZC Investments. The investment will support various growth initiatives, including the company’s plans to set up a physical presence in Northwest Arkansas.
In a Thursday (Jan. 20) news release, Eddyline announced the investment but did not disclose the amount.
RZC Investments is the direct investment firm of Runway Group, a Bentonville holding company led by Steuart Walton and Tom Walton. They are grandsons of Walmart founder Sam Walton and the sons of Jim Walton, chairman and CEO of Arvest Bank Group Inc.
Matt Tarver and Don Huffner manage RZC Investments. Huffner will join Eddyline’s board of directors as part of the investment. Read MORE.