Jeffs’ Brands Signs a Memorandum of Understanding to Acquire a Company operating a 100,000 Sq Ft. Logistic Center in New Jersey

May 20, 2024

https://www.globenewswire.com/news-release/2024/05/20/2884925/0/en/Jeffs-Brands-Signs-a-Memorandum-of-Understanding-to-Acquire-a-Company-operating-a-100-000-Sq-Ft-Logistic-Center-in-New-Jersey.html

The company is seeking to support ongoing growth with this potential acquisition

Tel Aviv, Israel, May 20, 2024 (GLOBE NEWSWIRE) — Jeffs’ Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq:JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, announced the signing of a memorandum of understanding (“MOU”) to acquire a company that operates a strategically located logistics center in New Jersey. Pursuant to the MOU, the potential acquisition encompasses a 100,000-square-foot facility equipped with 20 loading docks, poised to significantly enhance the Company’s supply chain capabilities.

Read more at globenewswire.com

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