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

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

On December 3, GigaCloud Technology Inc. announced that it has entered into a definitive Share Purchase Agreement to acquire 100% of the outstanding equity of New Classic Home Furnishings, Inc. The acquisition price is $18 million, on a debt‑free basis and including a post‑close earn‑out, and the deal will be financed using GigaCloud’s existing cash on hand.

The board of directors of GigaCloud unanimously approved the transaction, which is expected to close on January 2, 2026, subject to customary closing conditions.

With this acquisition, GigaCloud aims to integrate New Classic’s brick‑and‑mortar distribution and furniture‑supply capabilities with its own e‑commerce and large‑parcel logistics platform. New Classic brings a legacy of roughly 25 years in furniture distribution, serving over 1,000 retailer clients and offering more than 2,000 SKUs, a sizeable, established footprint in 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 less than 3 % sourced from China.

GigaCloud Technology Inc. (NASDAQ:GCT) is a global B2B e‑commerce and logistics company headquartered in El Monte, California. It operates the GigaCloud Marketplace, a platform designed for large‑parcel merchandise (furniture, appliances, fitness equipment, etc.), handling everything from product sourcing and payments to logistics and last‑mile delivery across international supply chains.

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Disclosure: None.