First rumoured in November 2014, PCH has agreed to acquire e-commerce company Fab for an undisclosed amount of cash and equity.
Custom manufacturing company PCH International has acquired US-based e-commerce company Fab for an undisclosed amount of cash and equity.
PCH’s interest was first reported in November 2014, when Fab was reportedly looking for $15m to $50m. Reports since have claimed the price was set to be $7m in cash and $8m in stock.
Founder Jason Goldberg will reinvest the funds gained from the acquisition deal in his new startup, Hem, a furniture design company spun out of Fab. Fab’s shareholders…
