ReCellular is a Dexter based wholesaler and recycler of used cell phones and components. Charles Newman is founder and CEO.

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Beringea said this morning that it had invested in ReCellular, which has some 280 employees at its headquarters in Ann Arbor and manufacturing operation in Dexter. It was the 17th investment for the InvestMichigan Growth Capital Fund, a $185 million pool of state pension dollars that Beringea is investing in Michigan companies on behalf of the state.