Boxed, the online seller of bulk-sized toilet paper, cereal and other goods, is acquiring MaxDelivery, an on-demand grocery delivery company serving New York City, per a press release on Monday. Financial terms of the deal, which is expected to close in December, were not disclosed.
The acquisition allows Boxed to expand into dark-store fulfillment and rapid on-demand delivery of fresh groceries, with plans to scale same-day grocery service across additional, unnamed markets.
As part of the acquisition, Chris Siragusa, founder, president and chief technology officer of MaxDelivery, will become senior vice president of operations at Boxed.
Source: Grocery Dive
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