A distribution acquisition has been completed, bringing Boxed.com under the umbrella of MSG Distributors. This all-cash transaction means that all of Boxed’s various intellectual property portfolios and affiliates will be underneath MSG.
"This acquisition strengthens our inorganic growth strategy and diversifies our distribution models nationwide," Mark Gadayev, MSG's President, said. "The loyalty and trust that customers and brands have in Boxed is priceless, and we are committed to continue this model of offering bulk-sized products to customers at wholesale prices."
MSG is a regional distributor of consumables and household essentials, servicing B2B accounts by way of its strategically located distribution and fulfillment centers across the United States, a press release explained. The company shares Boxed's longstanding commitment to providing exceptional products for businesses and consumers.
For those customers loyal to Boxed, they will be pleased to note that expeditious delivery services will be available under this new ownership.
"In synergy with this acquisition, MSG will further enhance its capacity for processing and distribution to Boxed customers nationwide. In conjunction with our growing operations and patented innovations for distribution and warehouse management, the future of Boxed.com is bright, and the team at MSG is committed to ensuring that Boxed.com remains the go-to destination for customers seeking quality brands and exceptional customer service," continued Gadayev.
The company's partners will also gain access to a catalog of new items and brands that meet as many of their grocery and home goods needs as possible, the press release remarked.
For more information on the acquisition, click here.
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