Jeffs' Brands Secures Agreement to Acquire U.S. Logistics Company for $2.6 Million

Jeffs' Brands Ltd, an e-commerce company known for its operations on the Amazon Marketplace, announced a definitive agreement to acquire New Jersey-based logistics operator, Pure NJ Logistics LLC. This facility, strategically located near the third largest port and in proximity to major airports, encompasses 100,000 square feet and is equipped with 20 loading docks, promising to vastly improve supply chain capabilities for Jeffs' Brands. The acquisition, valued at $2.6 million, includes a base payment of $2.1 million and a deferred payment of $500,000. The transaction is expected to close within seven business days, conditional on customary closing conditions. Payment will be partially secured through promissory notes, with sellers receiving company warrants as security. The move aligns with Jeffs' Brands' growth strategy, aiming to enhance operational efficiency, optimize logistics with its strategic location, and expand capacity to meet e-commerce demands. Both companies aim for completion of this transaction, though subject to the uncertainties common in business agreements.