GigaCloud completes acquisition of New Classic Home Furnishings

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Sat, January 3, 2026 astatine 7:10 AM CST 1 min read

GigaCloud (GCT) Technology completed the acquisition of New Classic Home Furnishings. Founded much than 25 years agone successful Fontana, California, New Classic serves implicit 1,000 retailer customers and offers a wide portfolio of much than 2,000 SKUs. The acquisition strengthens GigaCloud’s increasing ecosystem by adding a well-established wholesale concern with broadened retailer relationships and a proven merchandise assortment. The acquisition was completed pursuing the restitution of each customary closing conditions nether the definitive Share Purchase Agreement. Under the presumption of the agreement, GigaCloud acquired 100% of the outstanding equity of New Classic for full information of $18M connected a debt-free basis, including a post-closing earn-out. The acquisition terms is taxable to customary post-closing adjustments, including a nett moving superior adjustment. The transaction was funded from GigaCloud’s existing currency connected manus and was unanimously approved by the Company’s Board of Directors.

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