Motor City Fastener buys Emco, an electrical and mechanical supplies distributor, and gains a presence in the Southeast.
While expanding its product range, the portal for business consumer products is promoting itself as an alternative to Amazon and eBay.
New online marketplace OnBuy has teamed up with sellers to offer a potential 2.4 million product lines, just a month after its launch.
The UK-based site, which offers zero selling fees and works on a subscription model, has begun to upload products across a range of categories including business supplies, electronics and furniture.
The online platform is pitching itself as an alternative to Amazon.co.uk and currently offers more than 50,000 products. In the run-up to Christmas, the firm said that its stock list will rise significantly as some 2.4 million products are now in the database and ready to go online.
Selling on OnBuy is subject to a monthly subscription of £49 ($60) with vendors only tied in for a rolling 30-day agreement. OnBuy has listing limits, starting at 1,000 items per seller and sellers must do well to get those increased. According to OnBuy, this stops sellers with millions of products joining and flooding the site and making operating costs huge for low-quality listings. The company has the ability to increase this on a case-by-case basis.
OnBuy Managing Director Cas Paton said: “We are off to a flying start and the feedback has been very, very good — sellers are telling us that they are fed up with paying the high seller fees on Amazon and eBay.co.uk and welcome a British alternative that puts sellers first.”
OnBuy sellers who sign up now can benefit from early bird perks including free product boosting and helps bring products to the attention of shoppers.
Paton added: “We’re very excited to be at this crucial stage in the development of a marketplace which we believe will shake up online shopping and offer both sellers and shoppers the deals they deserve.”
Domenic Donatantonio is the news editor of Office Products International, where an earlier version of this article first appeared. The original version can be viewed at OPI.net.