Partnership Positions top E-Retailer for continued Success broadening Business into new Categories and also Delivering Quality assets at same Prices
November 18, 2016 08:00 ET | Source: Monoprice, Inc. Monoprice, Inc. Rancho Cucamonga, California, UNITED claims
RANCHO CUCAMONGA, Calif., Nov. 18, 2016 (GLOBE NEWSWIRE) -- Monoprice, a leading virtual retailer giving high-quality and affordably priced customer electronics and also tech accessories, and YFC-BonEagle electric Co., Ltd. (YFC), a Taiwan-based top provider of strength cord sets and also networking peripherals, announced this day that YFC has obtained Monoprice in a cash transaction valued at $40 million.
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Founded in 2002, Monoprice is an sector innovator disrupting the consumer modern technology industry by offering high-quality electronics, cables and components the eliminate price markups within the it is provided chain. An advanced communication commodities supplier, YFC’s staminas lie in production in Asia and also the wholesaling that cables and also wires. The mutually beneficial merger will fuel Monoprice’s growth as it proceeds to evolve product pipelines within existing categories, expand into brand-new ones, and also strengthen the sourcing capabilities in China to yield the ideal prices. Monoprice will aid guide YFC right into opportunistic locations where it can increase its eastern factory footprint and also launch assets in new categories.
“Our overarching goal is to develop a sales and also manufacturing dual-force dynamic for the group’s following generation the growth,” said note Yeh, chairman at YFC. “This acquisition is intended come gain access to customer electronics users and also make our solid product offering also stronger. We manufacture high-quality, high-standard cables and also wires together an OEM supplier, and also we’ve been marketing branded assets as wholesalers for fairly some time. Monoprice’s field of expertise in e-commerce and its vast customer base will finish our salesforce and customer portfolio. We have worked with Monoprice for countless years and see significant growth potential and strategic synergies by comes together.”
Monoprice has over a te of e-commerce endure in the customer electronics industry, providing a large and differentiated mix of branded commodities via a multi-channel platform. The website, Monoprice.com, has a robust resource of revenue, representing much more than 67 percent of total sales. It also partners with third-party marketplaces, such together Amazon and Wal-Mart, to obtain brand recognition and further open revenue opportunities. Monoprice’s strong customer relationships administer a base because that sustainable development by YFC and Monoprice.
Monoprice has created a disruptive business model in consumer electronics retailing. The has created a strong competitive place by offering consumers lower prices due to the fact that of its close relationships through top-tier manufacturers. YFC, well-respected in China for its manufacturing and supply chain capabilities, will administer Monoprice v an even far better sourcing procedure and economies of scale. The integration of supply chains across all product offerings will allow Monoprice to offer consumers v attractive pricing and will accelerate new product introductions v easier access to advancement opportunities.
“The combination of our 2 businesses is good news not only for ours stakeholders, but additionally our customers and employees,” claimed Bernard Luthi, CEO at Monoprice. “Joining forces with YFC completely supports our service objectives and increases both companies’ roadmaps for ongoing growth. YFC’s strong manufacturing power and also overnight accessibility to the well-connected oriental supply chain gives us a unique competitive advantage and differentiation in product procurement and also pricing. We intend come reinforce B2B and also international sales operations, and we look forward to proceeding to deliver better and broader choices of assets at an ext affordable price to our customers.”
Post-transaction plans space to retain and empower the existing Monoprice leadership team v no work or business restructuring required. Bernard Luthi will remain Monoprice’s CEO complying with the transaction, overseeing his administration team come execute the this firm strategies and vision, and steer company growth.
Blucora and also Monoprice were advised by Financo in the U.S. And YFC was advised through KPMG corporate Finance out of Taipei.
For an ext information about YFC, you re welcome visit www.cables.com.tw. For much more information about Monoprice, you re welcome visit www.Monoprice.com.
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About YFC-BonEagle electrical Co., Ltd.:Founded in 1983, YFC-BonEagle electric Co., Ltd has been involved in developing, manufacturing, and selling power cord sets, LAN cables, spot cords, and related networking accessories worldwide. The company’s products are made in three framework in Taoyuan Taiwan, Dongguan China and Wuxi China. YFC’s workplaces are in the USA, China and Europe along with the worldwide distribution networks to administer direct and also timely support to that is customers roughly the world. For much more information: www.cables.com.tw
About Monoprice, Inc. (DBA Monoprice.com)Located in Rancho Cucamonga, Calif., Monoprice, Inc. Is one e-commerce leader specializing in providing more than 6,500 high-quality however affordable electronics and tech products. Together an industry innovator, Monoprice filling a void in the consumer an innovation market by carrying exceptional commodities that room on par with the best known national brands at prices far below the retail median with incomparable speed and also service. Preserving a company philosophy that concentrates on the needs of its customers, the firm strives to bring simplicity, fairness and also confidence come consumers and businesses shopping because that big-ticket electronics and tech accessories. For much more information about Monoprice, follow us on Facebook, Twitter, LinkedIn, Google+, and YouTube.