Jeffs' Brands Strengthens Logistics with U.S. Acquisition
Deal News | Mar 18, 2025 | Globenewswire
Jeffs' Brands Ltd, an e-commerce company operating on Amazon Marketplace, has finalized the acquisition of Pure NJ Logistics LLC. This acquisition involves a logistics center in New Jersey, strategically located near major transportation hubs. The facility boasts approximately 100,000 square feet and is equipped with 20 loading docks, aimed at bolstering Jeffs' logistics capabilities and its third-party service offerings. The transaction comprised a base payment and a deferred payment structure, involving promissory notes and share warrants as collateral. Eli Yoresh, a former director of Jeffs' Brands, was among the sellers of Pure Logistics. The acquisition is expected to support Jeffs' expansion strategy by enhancing supply chain efficiency and meeting the increasing demands of the e-commerce market.
Sectors
- E-commerce
- Logistics and Supply Chain
Geography
- United States – The location of the logistics center acquired by Jeffs' Brands, which plays a strategic role in its supply chain enhancements.
- Israel – The country where Jeffs' Brands is headquartered, influencing its operational strategies and business development efforts.
Industry
- E-commerce – The primary industry in which Jeffs' Brands operates, leveraging data-driven insights and marketplace positioning to manage and grow its product offerings.
- Logistics and Supply Chain – Relevant due to Jeffs' Brands' acquisition of a logistics center, intending to streamline operations and service third-party clients.
Financials
- $2,100,000 – The base payment made in cash at the closing of the acquisition.
- $500,000 – A deferred payment to be delivered through promissory notes at an annual interest rate of 9%, paid over ten months.
- $247,401.87 – Aggregate cash payment covering an outstanding security deposit related to Pure Logistics' lease agreement.
- $2.75 – The exercise price per share for warrants issued to the sellers as security for the deferred payment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Jeffs' Brands Ltd | Bidding Company | Companies | A data-driven e-commerce company operating on the Amazon Marketplace, expanding its logistics capabilities through acquisition. |
| Pure NJ Logistics LLC | Target Company | Companies | Operates a strategically located logistics center in New Jersey, acquired by Jeffs' Brands to boost its logistics and supply chain services. |
| Smart Repair Pro | Wholly-Owned Subsidiary | Companies | A subsidiary of Jeffs' Brands that executed the acquisition of Pure NJ Logistics. |
| Eli Yoresh | Seller | People | One of the sellers and a former director of Jeffs' Brands involved in this transaction. |
| Viki Hakmon | CEO | People | CEO of Jeffs' Brands, related to the controlling shareholder of one of the sellers, L.I.A. Pure Capital Ltd. |