Turning Point Brands family welcomes VaporBeast
If you've been reading our page for some time know you probably know we get a majority of our products from VaporBeast. They are one of the leading online stores for vape gear, accessories and e-liquids and the products they sell are always top notch. Everything from electronic to mechanical mods, sub ohm tanks, rebuildable atomizers and wire. It's one of the biggest online platforms for ecig commerce and we recently found out Turning Point Brands decided to welcome them to their family.
In a transaction estimated at approximately $27 million, Turning Point Brands just announced it signed a definitive agreement to purchase Smoke Free Technologies Inc., parent company of VaporBeast. The deal includes $4 million at the moment of closing, another $19 million in short term notes and the final $4 million scheduled for the next eighteen months.
Turning Point Brands CEO Larry Wexler is excited to welcome the vape gear retailer to their portfolio. He is very happy with what VaporBeast have accomplished so far and that it's one of the trusted sources of ecig products and accessories in the online environment.
After the acquisition, Turning Point Brands intends to sell some of its products through VaporBeast's online platform and to introduce customers to items that are not available in traditional retail. This will help boost the company's fast growing nontraditional retail channels with a minimum of resources invested.
In comparison to Turning Point Brands, which employs a total of 245 people, VaporBeast only has a staff of 48. The online vape reseller will continue to operate from its offices in California. This is TPB's second major acquisition since its listing in 2016, after signing a deal this fall for four chewing tobacco brands form Wind River.
VaporBeast sold around $53.2 million in products in the last year, with a total net income of $6.4 million. It specializes in hardware and markets a wide range of items from personal vaporizers, starter kits, mechanical mods, rebuildable atomizers, accessories and e-liquids. A number of these products represent the company's own proprietary brands. We usually find everything we are looking for in their online store, and it's a great place to get all the novelties. Everything from the industry's finest mods to some incredibly delicious e-liquids.
RELATED REVIEWS:
7 Great alternatives to the JUUL vape
Despite being considered the best selling e-cigarette product of all time, this device it’s still surrounded by a lot of controversy. Because of this we decided to present a few great alternatives to the JUUL vape and tell you why you should give the .... »
Everything you need to know about disposable pod vapes
Disposable pod vapes have quickly become incredibly popular products. Despite being launched just a year ago, they are now they ar .... »
V2 Alternative vapes
V2 permanently closed down in November 2019 and since then we've been getting numerous questions from our readers. People want to know if there are any good V2 alternative vapes out there or if their favorite ecigs are compatible with accessories from .... »
5 Popular low output vaporizers we like
Low output vaporizers are tiny, ultra-portable all in one devices which work very well with nicotine salts e-liquids. They usually have an output of between 11 – 18W and battery capacity ranges from 350 – 650mAh. These vaporizers have become increa .... »
How to pick the right pod mod
Pod style vaporizers or pod mods are extremely popular nowadays. They offer quick and easy nicotine fix and they are so easy to carry around. But with so many models on the market it's often hard to set your mind on a particular device. This is why we .... »
Everything you need to know about e-liquids
Once you become a vaper there are two important things you need to constantly stock up on – e-liquids and atomizer heads. And while atomizer heads are usually the same and last between 1 – 2 weeks each, e-juices are a totally different story. .... »
Best e-cigarettes
Best vape pens
Best box mods & vape mods
Best disposable e-cigs
Best closed system vapes
