MSG Distributors, Inc., which services B2B accounts, has acquired Boxed.com, the online retailer of bulk-sized products that filed for bankruptcy earlier this year.
"This acquisition strengthens our inorganic growth strategy and diversifies our distribution models nationwide,” said Mark Gadayev, MSG’s President, in a statement. “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."
Boxed.com will be relaunched in B2C and B2B markets.
"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," said Gadayev.
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