Core Viewpoint - Jeffs' Brands Ltd has entered into a definitive agreement to acquire Pure NJ Logistics LLC, which operates a strategically located logistics facility, enhancing the company's supply chain capabilities and supporting its growth strategy [1][2]. Acquisition Details - The acquisition involves Smart Repair Pro acquiring 100% of Pure Logistics for a base payment of $2,100,000 and a deferred payment of $500,000, with the base payment made in cash at closing [3]. - The deferred payment will be structured through promissory notes with an annual interest rate of 9%, to be repaid in ten monthly installments of $50,000 starting after the sixth month anniversary of the closing [3][4]. - An additional cash payment of $247,401.87 will be made to cover an outstanding security deposit under a current lease agreement of Pure Logistics [5]. Strategic Benefits - The logistics center's location near major transportation hubs is expected to facilitate efficient transportation and logistics operations, crucial for e-commerce [2][9]. - The facility will enhance operational efficiency by providing ample space for inventory management and order processing [8]. - With 20 loading docks, the center is well-equipped to handle large volumes, enabling the company to meet increasing customer demand effectively [9]. Company Background - Jeffs' Brands aims to transform e-commerce by creating and acquiring products, leveraging insights into the Amazon business model to tap into growth potential [10].
Jeffs' Brands Enters Into a Definitive Agreement to Acquire a U.S. Company that Operates a U.S. Based Logistics Center, aiming to Advance its Growth Strategy, for $2.6 million