Boxed To Provide Third Party Direct-To-Consumer Logistics for Colavita USA’s E-commerce Division
February 06 2023 - 7:50AM
Boxed (NYSE: BOXD) (“Boxed” or the “Company”), an e-commerce
grocery platform that sells bulk consumables and licenses its
e-commerce software to enterprise retailers, today announced an
arrangement with Colavita USA to manage the Italian specialty food
manufacturer’s third party direct-to-consumer logistics, including
inventory management, warehousing, and fulfillment.
Colavita is family owned and operated since 1938 and present in
over 80 countries worldwide. In the major U.S. market, Colavita
distributes to retail grocery store chains, specialty food stores,
and wholesale suppliers, as well as restaurants, caterers, and
other foodservice operators. The company will outsource its
third-party logistics to Boxed, using its flagship, fully automated
fulfillment center in Union, NJ. Colavita’s U.S. operations are
headquartered in Edison, NJ. The deal will solidify Colavita’s
e-commerce distribution in the continental United States.
“We have established relationships with hundreds of vendors like
Colavita, and now we are in a position to provide them with all of
their supply chain and logistics operations needs,” said Alison
Weick, President, eCommerce at Boxed.
Colavita is the leading importer of Italian specialty food
products in the U.S. Best known for its extra virgin olive oil,
other product offerings include a variety of premium vinegars,
pasta, sauces, and vegetables, as well as iconic Italian brands
such as Perugina, Rio Mare, Mulino Bianco, and San Benedetto.
Colavita is also a major partner and supplier for the leading meal
solution company, HelloFresh.
“Our relationship with Boxed as a vendor has always been strong.
We are beyond excited to expand that synergy to include their
supply chain and fulfillment expertise,” said Giovanni Colavita,
CEO of Colavita USA.
Boxed is also exploring opportunities with
other vendors to leverage its expertise with
warehousing, order fulfillment, and shipment.
About Boxed
Boxed is an e-commerce retailer and an e-commerce enabler. The
Company operates an e-commerce retail service that provides bulk
pantry consumables to businesses and household customers, without
the requirement of a “big-box” store membership. This service is
powered by the Company’s own purpose-built storefront, marketplace,
analytics, fulfillment, advertising, and robotics technologies.
Boxed further enables e-commerce through its Software &
Services business, which offers customers in need of an
enterprise-level e-commerce platform access to its end-to-end
technology. The Company has developed a powerful, unique brand,
known for doing right by its customers, employees and society. For
more information visit www.boxed.com.
Media ContactsDavid TaftBoxeddave@boxed.com
Investor ContactsChris
MandevilleICRBoxedIR@icrinc.com
Boxed (NYSE:BOXD)
Historical Stock Chart
From Sep 2024 to Oct 2024
Boxed (NYSE:BOXD)
Historical Stock Chart
From Oct 2023 to Oct 2024