SCA acquires protective packaging specialist
Swedish consumer goods and paper company SCA has acquired the remaining 75% of Cool Logistics, a company focused on protective packaging for transport of temperature-sensitive products, primarily for the pharmaceutical and biotech industries.
Swedish consumer goods and paper company SCA has acquired the remaining 75% of Cool Logistics, a company focused on protective packaging for transport of temperature-sensitive products, primarily for the pharmaceutical and biotech industries.
The acquisition is in line with SCA Packaging's strategy to focus on high value market segments and follows the company's purchase of a 25% shareholding in Cool Logistics last year with an option to acquire the remaining 75%. The total purchase price for the entire company is £7.4m.
Packaging solutions from Cool Logistics are specially adapted for certain new drugs that must be stored and transported within a specific temperature range. These packaging solutions are also suitable for other sensitive products such as medical samples and special chemicals.
In 2005 Cool Logistics' sales totalled £5.4m. The company has 50 employees and is located in Leighton Buzzard in the UK.
