Business
EMERGE Provides Update on Latest Acquisitions, CEO to Host Webcast Today at 11:00 AM ET
EMERGE Provides Update on Latest Acquisitions, CEO to Host Webcast Today at 11:00 AM ET ...
About this update from Emerge Commerce Ltd
[{"type":"text","content":"\n \n \n \n EMERGE Provides Update on Latest Acquisitions, CEO to Host Webcast Today at 11:00 AM ET\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-LEFT:0.17em; PADDING-RIGHT:0.17em; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n EMERGE's latest acquisitions of WholesalePet and BattlBox exhibited strong profitability in their first full quarter under EMERGE ownership\n \n \n \n EMERGE CEO to host webcast today at\n \n 11:00 AM ET\n \n \n (Register Below)\n \n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 31, 2022\n \n \n /CNW/ -\n \n EMERGE Commerce Ltd\n \n . (TSXV: ECOM) (\"\n \n EMERGE\n \n \" or the \"\n \n Company\n \n \"), a diversified acquirer and operator of niche e-commerce brands, is pleased to provide a corporate update related to its recent acquisitions of WholesalePet.com (\"WholesalePet\") and BattlBox Group (\"BattlBox\").\n \n \n \n Recent Acquisitions Update\n \n \n \n WholesalePet, a profitable business-to-business (\"B2B\") pet marketplace,\n \n was acquired by EMERGE\n \n on\n \n November 15, 2021\n \n . The business, now EMERGE's largest in terms of Gross Merchandise Sales (\"GMS\")\n \n (1)\n \n , drove strong profitability through its first full quarter under EMERGE ownership, as demand for pet products remained robust in a post-pandemic world.\n \n \n \n Ghassan Halazon, Founder and CEO of EMERGE\n \n , commented, \"WholesalePet continues to exhibit terrific operational consistency with positive organic growth and strong cash flow conversion through its first full quarter under EMERGE. WholesalePet's sticky B2B marketplace model, which includes average customer tenures of 10 years for its best clients, has encouraged us to look into other similar models, both organically and via potential acquisitions down the line.\"\n \n \n BattlBox, a profitable outdoor gear s...