BOSS HOLDINGS, INC. ACQUIRES COAST 2 COAST WHOLESALE PET PRODUCTS
Jul. 3, 2017
Source: Boss Holdings, Inc. news release
Kewanee, Illinois -- Boss Holdings, Inc. has announced that its subsidiary, Boss Pet Products, Inc. has purchased the pet product distribution business and related assets of Coast 2 Coast Wholesale Pet Products, located in Garden Grove, CA. Coast 2 Coast markets pet products including toys, treats, harnesses, collars, food bowls and other related pet product accessories to the Pet Specialty market.
Kurt Hansen of Coast 2 Coast will become Boss Pet's National Sales Manager and will direct all sales in the Pet Specialty market segment. Acquired assets include Coast 2 Coast's inventory, selected equipment, trademarks, tradenames and other intellectual property. Boss funded the purchase from its existing working capital.
Boss management believes the Coast 2 Coast line of top OEM branded pet products presents a significant opportunity for growth. Boss Pet already sells its pet leashes, restraints, toys and other pet product supplies in distribution channels not served by Coast 2 Coast, and the acquisition will provide cross-selling opportunities. Boss Pet operational offices are located in the Cleveland, Ohio metropolitan area. Boss Pet will retain Coast 2 Coast's sales and customer support staff. Management expects the Coast 2 Coast acquisition will be immediately accretive to Boss net earnings.