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Gigacloud Technology Inc Completes Acquisition Of Noble House

Gigacloud Technology Inc Completes Acquisition Of Noble House

11/01/23, 11:18 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgcity of industry
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglos angeles
Industry
marketplace
e commerce
GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced that it has completed the previously announced asset acquisition of Noble House Home Furnishings LLC (“Noble House”), a leading B2B distributor of indoor and outdoor home furnishings, for approximately $85 million, subject to customary purchase price adjustments. The acquisition is funded entirely with cash on hand.

Company Info

Company
GigaCloud Technology
Location
City Of Industry, California, United States
Company info
GigaCloud Technology is a leading B2B marketplace provider, striving to empower the future of global e-commerce landscape. With a meticulously developed and comprehensive B2B platform coupled with decades of industry experience, GigaCloud delivers success to large parcel & e-commerce players throughout the world.