MSG Distributors, Inc., recently announced completion of their acquisition of Boxed.com and other various intellectual property portfolios and affiliates in an all-cash transaction
MSG is a regional distributor of consumables and household essentials and services B2B accounts by way of its strategically located distribution and fulfilment centers across the United States. MSG shares Boxed’s long-standing commitment to providing exceptional products for businesses and consumers, and will work tirelessly to ensure that MSG continues to serve Boxed customers, vendors, and brands with dedication and commitment they have come to love and expect from this iconic brand.
In speaking about the acquisition, Mark Gadayev, MSG’s President, said, “This acquisition strengthens our inorganic growth strategy and diversifies our distribution models nationwide. 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’s existing infrastructure makes it the ideal choice to revitalize boxed.com. Under MSG’s new ownership, Boxed’ loyal customer base will benefit from the expeditious delivery services (i.e., next day delivery) for the brands they love as well as access to a catalog of new items and brands that meet as many of their grocery and home good needs as possible. For vendors and brands, MSG is excited to welcome back established household brands and welcome-in new up-and-coming brands to the front doors of millions of Boxed loyal customers and potential customers.
“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.
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