Pelican Products announces intention to acquire Cool Logistics
Deal would accelerate Pelican\'s biopharma strategy
Pelican Products, a global leader in the design and manufacture of high-performance protective case solutions and advanced portable lighting systems, has announced its proposal to acquire UK-based Cool Logistics, provider of temperature controlled packaging solutions, with the intention to close on 31 January 2014.
Cool Logistics will merge with previously acquired Minnesota Thermal Science under the Pelican BioPharma division. The combined companies will offer the largest global footprint in the industry with local sales, distribution and customer service support, according to Pelican Products.
Specialising in the design, testing and qualification of temperature-controlled packaging solutions, Cool Logistics is dedicated to fulfilling the complex needs of the global healthcare industry in ensuring that temperature stability is maintained throughout the distribution chain.
Its product range includes everything from dry-ice shippers, chilled and room temperature solutions around the SHERPA brand of products, the newly released CHRONOS Advance high performance range, and bulk freight forwarding solutions leveraging the COOLPALL brand. Off-the-shelf solutions, customised designs and third party solutions NANOCOOL (utilising advanced push button evaporative cooling technology) and SILVERSKIN (Thermal covers) are also available, as well as a variety of sizes from small mailers to pallet accepting shippers.
The Pelican BioPharma line offers a full suite of products and services designed with longevity, reusability and sustainability in mind, providing the safe transport of pharmaceuticals, tissue, diagnostics/clinical trials and blood supplies. Products include the reusable CREDO CUBE, which protects payload contents at defined temperatures longer than any other passive thermal shipper. Additionally, the CREDO XTREME full pallet, which holds 890 litres, and the half pallet, which holds 406 litres, each provide 35% more payload space than the closest competitor. Recent developments include the extension of the CREDO DURACUBE family of products and the introduction of the CREDO PROMED product line, extension of service centres around the world, and the release of the next generation of its asset management software.
'Cool Logistics' presence in countries such as the UK, India, Singapore and Australia will allow us to better service international markets, bringing critical solutions to our global customers,' said Lyndon Faulkner, President and CEO of Pelican Products. 'With this acquisition and the recent integration of Minnesota Thermal Science, we’re now positioned to provide customers with the industry’s widest range of packaging solutions leveraging a variety of technologies.'
Kevin Valentine, Strategic Development Director and Co-Founder of Cool Logistics, added: 'Cool Logistics and Minnesota Thermal Science fostered a successful relationship over the past several years. 'We’re well prepped for this next phase of expansion as a Pelican BioPharma company and look forward to continuing our lead in innovative technology and exceptional service levels.'