Boss expects to reach new distribution channels.
KEWANEE, IL — Boss Holdings Inc. (Pink Sheets: BSHI) announced that its subsidiary Boss Pet Products Inc. has purchased the pet product distribution business and related assets of Coast 2 Coast Wholesale Pet Products.
Terms of the deal were not disclosed.
Garden Grove, CA-based Coast 2 Coast markets toys, treats, harnesses, collars, food bowls and other pet product accessories to the pet specialty market.
Kurt Hansen of Coast 2 Coast will become Boss Pet’s national sales manager and will direct all sales in the pet specialty market segment, according to a press release. Acquired assets include Coast 2 Coast’s inventory, selected equipment, trademarks, tradenames and other intellectual property. Boss funded the purchase from its existing working capital.
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According to the release: “Boss management believes the Coast 2 Coast line of top OEM branded pet products presents a significant opportunity for growth. Boss Pet already sells its pet leashes, restraints, toys and other pet product supplies in distribution channels not served by Coast 2 Coast, and the acquisition will provide cross-selling opportunities.”
Boss Pet operational offices are located in the Cleveland, OH, area. Boss Pet will retain Coast 2 Coast’s sales and customer support staff.
