GigaCloud completes $18M acquisition of New Classic Home Furnishings

GigaCloud Technology Inc

Acquired 100% equity of New Classic Home Furnishings for $18M on a debt-free basis including earn-out.
New Classic serves over 1,000 retailer customers with 2,000+ SKUs; founded 25+ years ago in Fontana, CA.
Transaction funded from GigaCloud's existing cash; unanimously approved by Board.
Acquisition aims to expand GigaCloud's B2B marketplace and fulfillment network for large-parcel merchandise.

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