GigaCloud Bolsters Supply Chain with $18 Million Acquisition of New Classic Home Furnishings
El Monte, Friday, 2 January 2026.
GigaCloud executes an $18 million all-cash strategy to dominate large-parcel commerce. By acquiring New Classic Home Furnishings, the company secures critical supply chain assets to fuel marketplace growth.
Details of the Transaction
On January 2, 2026, GigaCloud Technology Inc. (Nasdaq: GCT) formally announced the completion of this acquisition, purchasing 100% of New Classic’s outstanding equity [1]. The transaction was valued at $18 million on a debt-free basis and includes a post-closing earn-out component [1]. To finance the deal, GigaCloud deployed funds from its existing cash reserves, a decision ratified by the Company’s Board of Directors [1]. This all-cash approach underscores the company’s liquidity, a strength noted by analysts who have highlighted GigaCloud’s “zero debt” profile and efficient B2B operating system [2].
Strategic Integration of Assets
The acquisition provides GigaCloud with immediate access to a robust operational infrastructure. New Classic Home Furnishings, established over 25 years ago in Fontana, California, brings a substantial network to the acquirer, including over 1,000 retailer customers [1]. Furthermore, the deal integrates a diverse product catalog of over 2,000 stock-keeping units (SKUs) into GigaCloud’s ecosystem [1]. This expansion is consistent with GigaCloud’s trajectory since launching its marketplace in January 2019, where it has progressively widened its scope from the global furniture market to include home appliances and fitness equipment [1].
Streamlining Large-Parcel Commerce
Larry Wu, Founder and CEO of GigaCloud, characterized the closing of this deal as a pivotal step in the company’s strategy to “streamline large-parcel commerce” [1]. The integration of New Classic’s assets is intended to resolve complex logistical challenges inherent in the B2B sector for heavy and bulky goods [1]. By absorbing an established entity with a quarter-century of history in the furniture hub of California, GigaCloud aims to enhance the efficiency of its end-to-end e-commerce solutions [1].
Market Valuation and Financial Context
As of January 2026, GigaCloud Technology holds a market capitalization of $1.47 billion, ranking it as the 5,230th most valuable company globally [3]. This valuation follows a period of explosive growth; the company saw its market cap surge from $0.71 billion in 2024 to $1.51 billion by the end of 2025 [3]. While the current market cap represents a slight adjustment of -2.649 percent from the 2025 year-end figure, the company remains positioned to leverage its expanded asset base for future value creation [3].