Easton, Pennsylvania based Eightco Holdings Inc. announced that it has completed the sale of its subsidiary, Ferguson Containers, Inc., to Reichard Corrugated Products, LLC, an entity controlled by the existing management of Ferguson Containers.
“We are pleased to announce the sale of Ferguson Containers. This planned divestiture is a milestone that will allow both companies to better position themselves for long-term success and aligns with our focus on our core business,” said Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC, the company’s remaining subsidiary.
“We are grateful for the commitment and value Ferguson Containers has provided us. We extend our sincere congratulations to Edward and Derick Reichard, Senior Managers at Ferugson Containers for 35 years and Founders of Reichard Corrugated Products, LLC, and their team. We wish them the best as they embark on this new chapter.”
Vassilakos said the transaction is consistent with Eightco’s strategy to prioroitize and continue to sharpen its focus on its core business, Forever 8, and “will move forward with its ongoing efforts to drive long-term growth by responding to the high demand for inventory and cash flow management solutions.”
A description of the Asset Purchase Agreement and the terms of the acquisition are contained in the Company’s Current Report on Form 8-K which was filed with the US Securities and Exchange Commission on November 27, 2024 and can be found at at www.sec.gov.
Alpha, New Jersey based Ferguson Containers specializes in design, sampling and manufacturing; sustainable packaging services; custom displays; fulfillment, logistics and shipping.
They serve multiple industries with their packaging solutions needs including pharmaceutical, industrial manufacturing, food and beverage, and e-commerce.
For more information, visit fergusoncontainers.com.
Eightco seeks new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.
Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its stockholders.
For information, visit 8co.holdings and forever8.com.
