• July 9, 2020

Breaking: Avail Vapor Agrees to Acquire Giant Vapes

Credit: Avail

Avail Vapor, a leading premium U.S. e-liquid retailer, announced today its agreement to acquire Giant Vapes, a major global e-commerce vaping company. The sum of the sale was not announced.

The acquisition would create a global, omnichannel organization with a clear mission to bring value to customers wherever they choose to shop, according to a press release. “By combining the strengths of Avail’s broad brick and mortar footprint and Giant Vapes’ extensive e-commerce platform the combined company will deliver unique value to its customers both in the US and abroad,” the release states.

“We are excited about the tremendous promise of this business combination given the strong fundamentals of each company and the overall industry,” said James Xu, CEO and chairman of Avail. “We are delighted to welcome Giant Vapes to the Avail family, and we look forward to providing our customers with an outstanding experience.”

Following the acquisition, Xu will lead the combined companies alongside Justin Murphy, vice president of Retail and Marketing, who will be overseeing the day-to-day operations of both Avail and Giant Vapes. “The Giant Vapes acquisition cements Avail’s foothold as the key market player with the most holistic approach to commerce in the industry,” the release states. “The combined companies now benefit from Giant Vapes’ best-in-class digital IQ, as well as their extensive and successful wholesale distribution channel. With the completion of this acquisition, the combined company is poised for major industry expansion post FDA’s Premarket Tobacco Product Application (PMTA) deadline of September 2020.”