Jeffs’ Brands Targeting the $2 Billion Market of Pest Control Products by Signing a Non-Binding Term Sheet with an Amazon.uk Market Leader
Jeffs' Brands Ltd (JFBR)
Company Research
Source: GlobeNewswire
The UK company had Approximately $6 Million Revenues in 2021 and purchase price expected to be approximately $2.5 million Tel Aviv, Israel, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has entered into a non-binding term sheet (the “Term Sheet") with a company incorporated in England engaged in the sale of pest control products through Amazon.uk ("the UK Company"). As contemplated by the Term Sheet, Jeffs' Brands will acquire the UK Company and its five private label brands, currently being sold on Amazon.uk, for approximately $2.5 million in cash. The UK Company is a market leader in pest control products sold on Amazon.uk in several market niches – one brand is showing its dominance over the “moth trap and rat trap” market niche on Amazon.uk with a market share of 35.7% and 26.5%, respectively, as of July 2022. T
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News
- Jeffs' Brands Launches Innovative Pest-Repellent Product Line Under the Fort Brand [Yahoo! Finance]Yahoo! Finance
- Jeffs' Brands Launches Innovative Pest-Repellent Product Line Under the Fort BrandGlobeNewswire
- Jeffs’ Brands: Since its Acquisition in 2023, Fort has Generated Total Revenues of $5.3 Million From its Amazon SalesGlobeNewswire
- Jeffs' Brands Launches Sales of the Fort Brand on the Amazon Marketplace in France [Yahoo! Finance]Yahoo! Finance
- Jeffs' Brands Launches Sales of the Fort Brand on the Amazon Marketplace in FranceGlobeNewswire
JFBR
Sec Filings
- 3/11/24 - Form EFFECT
- 2/26/24 - Form SC
- 2/26/24 - Form SC
- JFBR's page on the SEC website