GigaCloud Technology Completes Acquisition of New Classic Home Furnishings

Reuters01-02

GigaCloud Technology Completes Acquisition of New Classic Home Furnishings

GigaCloud Technology Inc. has completed its acquisition of New Classic Home Furnishings, Inc., a U.S.-based distributor in the home furnishings market. The transaction, valued at $18 million on a debt-free basis and including a post-closing earn-out, was funded from GigaCloud’s existing cash. New Classic, based in Fontana, California, has over 25 years of industry experience, serving more than 1,000 retailer customers with a portfolio of over 2,000 SKUs. The integration of New Classic’s retailer network and product assortment is expected to strengthen GigaCloud’s marketplace and fulfillment capabilities. The company stated that all customary closing conditions have been satisfied and that the acquisition was unanimously approved by its board of directors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GigaCloud Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9618964-en) on January 02, 2026, and is solely responsible for the information contained therein.

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