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Need a case of Chardonnay paired with a side of toothpaste, batteries and dog food? Soon you’ll be able to get that delivered to your door, courtesy of BevMo — and its new owner.
The beverage chain announced Thursday that it had agreed to be bought by GoPuff, a Philadelphia online delivery company, for $350 million.
The deal, which is expected to close within 30 days, will bring together a household name with 161 stores in the West and a fast-growing upstart with no California presence.
“The plan all along was to get into California,” Yakir Gola, GoPuff’s co-founder and co-chief executive, said in an interview. “This is just a better and faster and strategic way for us to enter the market.”
Read the full story at LATimes.com.
