Liam Casey, CEO, PCH International
Product development and supply chain management services company PCH International is reportedly in early stage talks to acquire online design store Fab for an estimated US$15m in cash and stock.
PCH International, which has revenues of US$1bn a year, has been a driving force in the resurgent design and prototyping revolution.
The company, which its CEO Liam Casey founded in Cork, Ireland, has already taken a stab at e-commerce, having acquired hardware e-commerce site ShopLocket last year for an undisclosed sum.
According to TechCrunch, the potential acquisition of Fab will not include Fab founder Jason Goldberg’s new furniture design start-up, Hem.
If anything, Fab is a salutary tale about hyper valuations in the current time. A year ago, it was apparently valued at US$1bn and took in US$150m in venture capital.
Fab began three years ago as a dating site for the gay community but morphed into a flash sale site for home décor.
