Chinese Association of Idaho State University (CAISU)
Turning Point Brands buys Vapor Supply and Related Assets
vape wholesale supply, formerly VaporWorld.biz, has been acquired by Turning Point Brands, Inc. This acquisition of related assets include and some of its affiliates. The transaction will be funded with cash on hand.
Vapor Supply is a large distributor and wholesaler that services vape shops. The company also manufactures e-liquids under the The Drip Company (DripCo) brand as well as operates eight company owned stores in the Oklahoma market area.
Vapor Supply was previously known as VaporWorld.biz but changed their name this year.
Turning Point Brands is best recognized under its New Gen category of brands such as Vapor Beast, Vaporshark, V2 and Zig Zag cheap vape deals.
Larry Wexler, President and CEO of Turning Point Brands said, “We are delighted to welcome Vapor Supply to the Turning Point Brands family. Vapor Supply has swiftly built a compelling business model, including a powerful B2B marketing platform that ships to over 1,400 U.S. retail vapor stores and an efficient e-liquid manufacturing facility for its proprietary products. Given our now well established NewGen distribution engine via the VaporBeast and Vapor Shark businesses, we intend to release operational and financial synergies through thoughtful integration and a transfer of best-in-class business practices.”
”Given our existing NewGen infrastructure, we are confident we can increase operating contribution over the next eighteen months through a variety of actions including improved purchasing power, broadened product selection, accelerated sales growth and business process optimization,” said Graham Purdy, President, New Ventures. “This acquisition further demonstrates TPB’s continued commitment to the vaping segment. As a founding member of the Vapor Technology Association, TPB takes seriously the fight to protect this burgeoning industry for the many adult consumers and small businesses who depend on using and selling these products. TPB’s continued investment in our growing NewGen segment provides our wholesale and retail customers with a strong, reliable partner to help navigate this rapidly changing marketplace in the face of a shifting regulatory regime.” u2022eney7485yyWEEEEDD