SUNRISE, Fla., (CelebrityAccess) — Alliance Entertainment Holding Corporation announced that it has acquired the retail music assets and business of ANconnect, LLC, including vendor managed inventory accounts of Walmart and Best Buy.
AEC, the largest wholesale distributor of physical home entertainment audio, video and software in the United States, says the deal will bring an expanded selection of CD, Vinyl, DVD, Blu-ray and electronic products to ANC customers,
Many ANC employees will join the AEC team as part of the transition. In addition, physical product merchandising services for stores will continue to be provided by Anderson Merchandisers through a long term merchandising service contract, signed as part of the closing, the company said.
Following a short transitional period, distribution will shift to AEC's Shepherdsville, KY 660,000 sq. ft. warehouse. – Staff Writers