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ALLIANCE ENTERTAINMENT ACQUIRES ANCONNECT RETAIL MUSIC BUSINESS!

 In a transaction signed on May 18, 2016, Alliance Entertainment Holding Corporation (“AEC”) and ANconnect, LLC (“ANC”) have entered into a purchase agreement whereby AEC will acquire the ANC retail music assets and business.

AEC, the largest wholesale distributor of physical home entertainment audio, video and software in the United States and best-in-class distribution solutions, provides a high level of service in various disciplines including; mass merchant retail and wholesale distribution, consumer direct services, vendor managed inventory systems and independent music store fulfillment.

The transaction brings an expanded assortment of products to ANC customers, which includes product lines of CD, vinyl music, and electronic products from AEC’s current 480,000 in stock SKU base.

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