Rehoboth Beach, Delaware — December 16, 2024 — In a strategic merger that consolidates more than six decades of closeout and liquidation expertise, Cheppell Closeout & Logistics,LLC and Stowes Liquidation, Inc. have combined forces to form Chepstow Corporation.
Headquartered in Rehoboth Beach, Delaware, the newly formed company is expected to generate over $20 million in annual sales.
Cheppell Closeout & Logistics, a second-generation family business founded more than 40 years ago and led by Brent Masterson, has long been a trusted partner to major U.S. manufacturers. Known for its responsive service and deep category expertise, Cheppell built its reputation in both food and non-food closeouts, helping brands move dated or excess goods with
speed and discretion.
Stowes Liquidation, under the leadership of Robert Williams, has been respected name in asset recovery and strategic surplus buying. The company has developed agile, high-volume solutions for suppliers across the consumer goods sector, specializing in timely turnarounds and tailored distribution strategies.
“Both companies share the same core values — integrity, decisiveness, and a hands-on approach,” said Brent Masterson. “Chepstow represents the next chapter in that shared commitment to doing the job right.”
At the helm of Chepstow Corporation is Paul Work, who has been appointed President and CEO. Work brings 18 years of experience at Cheppell, most recently serving as Director of Operations. Widely respected across the industry, he’s known for executing complex inventory moves with precision and building lasting relationships at every level of the supply chain.
“This merger is about delivering a bigger promise — one that manufacturers and retailers can count on,” said Work. “We don’t cherry-pick. We don’t broker. We buy it all and take on the risk.”
Chepstow’s full-lot acquisition model sets it apart in the closeout space. Rather than selecting only marketable SKUs or operating as a pass-through broker, Chepstow purchases entire inventories outright — assuming risk and simplifying the liquidation process for its partners.
With strong relationships across leading U.S. manufacturers, Chepstow helps move dated, obsolete, and surplus inventory efficiently and discreetly. On the buyer side, the company works with tens of thousands of retailers across the U.S. and Canada, including discount chains, independent stores, regional wholesalers, and off-price distributors — all seeking consistent value and quality surplus supply.
As U.S. retailers brace for economic headwinds and shifting consumer priorities, the demand for reliable, lower-cost inventory has surged. With many forecasting a retail slowdown amid recessionary conditions, off-price channels, discounters, and independents are seeking new sources of affordable goods to maintain margins and meet value-conscious demand. Chepstow Corporation enters the market at a critical time, offering manufacturers a fast and final way to recover value — and giving retailers dependable access to quality surplus product in a tightening environment.
“We’ve built our reputation by solving complex problems quickly,” said Robert Williams.
“Chepstow combines that speed with serious scale — and a culture of accountability.”
“Chepstow is rooted in the values of a family-run business — long-term relationships, personal accountability, and doing what we say we’ll do,” added Work. “That’s the foundation we’re building on.”
About Chepstow Corporation
Chepstow Corporation is a newly formed leader in the liquidation and surplus inventory sector,offering full-lot acquisition and rapid distribution of excess consumer goods. The companyserves both food and non-food manufacturers across North America and supports tens of
thousands of independent and value-driven retailers. With over 60 years of combined experience,Chepstow stands apart by fully committing to every purchase and creating certainty in uncertain situations.
Media Contact:
Michael Miller, Media Relations
mike.miller@chepstowcorp.com
Tel: 302-793-9090
