How GigaCloud’s $18M Acquisition of New Classic Expands Its Logistics and Furniture Footprint

GigaCloud Technology Inc. (NASDAQ:GCT) is 1 of the best logistics‑tech stocks to bargain now.

On December 3, GigaCloud Technology Inc. announced that it has entered into a definitive Share Purchase Agreement to get 100% of the outstanding equity of New Classic Home Furnishings, Inc. The acquisition terms is $18 million, connected a debt‑free ground and including a post‑close earn‑out, and the woody volition beryllium financed utilizing GigaCloud’s existing currency connected hand.

The committee of directors of GigaCloud unanimously approved the transaction, which is expected to adjacent connected January 2, 2026, taxable to customary closing conditions.

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With this acquisition, GigaCloud aims to integrate New Classic’s brick‑and‑mortar organisation and furniture‑supply capabilities with its ain e‑commerce and large‑parcel logistics platform. New Classic brings a bequest of astir 25 years successful furnishings distribution, serving implicit 1,000 retailer clients and offering much than 2,000 SKUs, a sizeable, established footprint successful the home‑furnishings sector.

By folding New Classic into its ecosystem, GigaCloud strengthens its supply‑chain diversity: New Classic sources predominantly from Southeast Asia and the United States, with little than 3 % sourced from China.

GigaCloud Technology Inc. (NASDAQ:GCT) is simply a planetary B2B e‑commerce and logistics institution headquartered successful El Monte, California. It operates the GigaCloud Marketplace, a level designed for large‑parcel merchandise (furniture, appliances, fittingness equipment, etc.), handling everything from merchandise sourcing and payments to logistics and last‑mile transportation crossed planetary proviso chains.

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