Vapor Corp., a leading U.S.-based distributor and retailer of vaporizers, e-liquids, e-cigarettes and e-hookahs, has acquired three established retail vape stores in Atlanta, Georgia, USA.
This three-store chain marks the company’s first retail acquisition outside of Florida and brings the total number of store Vapor Corp. owns to 18. Terms of the transaction were not disclosed.
These acquisition of the Atlanta stores—coupled with the company’s recently announced acquisitions of retail vape stores in Gainesville, Florida, and Fort Myers, Florida, are central to Vapor Corp.’s aggressive expansion efforts to develop a national footprint throughout the U.S.
“Following the completion of our capital raise and successful acquisition of several thriving consumer retail operations in Florida, Vapor Corp. has now expanded its footprint into Georgia, a testament to the early success of our national retail expansion efforts,” said Vapor Corp CEO Jeff Holman. “As the [Southeastern United States] has been an area of focus for our growth, it is only natural for Vapor Corp. to expand into Georgia. Not only is it in our backyard, but we have also identified numerous acquisition candidates that satisfy our strict investment criteria.”
Currently the only pure-play company in the vapor industry that is listed on a major stock exchange, Vapor Corp. plans to increase the number of company-owned retail stores to more than 30 locations by the end of the year. The respective 1,200-square-foot Atlanta stores opened in February 2014, April 2014 and September 2015.
“These stores have quickly demonstrated their ability to build strong local reputations and gain significant traction with a growing vaping community,” said Holman. “Vapor Corp. expects an immediate ROI from this acquisition as we continue to establish ourselves as the go-to source for the latest, most innovative vaping products available, for both experienced and novice vaping fans across the country. We look forward to advancing our national retail roll-out plan through the end of the year and into 2016.”