Upexi Closes Acquisition Of E-Core And Its Subsidiaries, Adding Over $40 Million In Trailing Twelve Month Sales And Increasing Projected Calendar 2023 Sales To $100M
Upexi Closes Acquisition Of E-Core And Its Subsidiaries, Adding Over $40 Million In Trailing Twelve Month Sales And Increasing Projected Calendar 2023 Sales To $100M
11/02/22, 12:41 PM
Location
Industry
retail
information technology
Upexi Inc. (NASDAQ: UPXI) (the "Company" or "Upexi"), a multi-faceted brand owner and innovator in aggregation, today announced the closing of its acquisition of E-Core, Inc. ("E-Core") and its subsidiaries; Tytan Products ("Tytan") and New England Technology, Inc., ("New England Technology"), for a combination of cash, stock and one-to-three year notes. Tytan is a children's toy brand and maker of popular magnetic tiles and building blocks and New England Technology is a national distributor for branded consumer products.
Company Info
Location
Clearwater, Florida, United States
Company info
Upexi Inc., is an innovator in aggregation, accelerating Amazon and eCommerce businesses by combining consumer data and vertical integration to scale brands in multiple industries, while lowering costs with a growing distribution network. Through strategic acquisitions, Upexi continues to expand into numerous consumer markets, and utilizes its in-house, SaaS programmatic ad technology to help achieve a lower cost per acquisition and accumulate consumer data for increased cross-selling between its growing portfolio of brands.
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