By PelicanTeam on January 14, 2013
***FOR IMMEDIATE RELEASE***
TORRANCE, CA â€”Â January 14, 2013 â€“Â Pelican Products, Inc., the leader in the design and manufacture of Â high-performance protective case solutions and advanced portable lighting systems, today announced the acquisition of Minnesota Thermal Science (MTS), the industry leader in global temperature controlled transportation products. Based in Plymouth, Minnesota, MTS will merge with Pelican’s already established BioPharma™ division.
“The combined entity will offer customers an even wider range of the most advanced temperature controlled packaging solutions for the safe transport of pharmaceuticals, tissue, biologics, diagnostics, blood and other healthcare products,” said Lyndon Faulkner, President and CEO of Pelican. “The award-winning thermal protection products of MTS will be matched with Pelican’s global capabilities providing a worldwide solution of re-usable transportation and packaging products and services.”Â Â Â
In addition to Pelican BioPharma cases that offer 140+ hours between 2.0 to 8.0C, customers will have access to the full suite of MTS products including the reusable Credo Cube®, which protects payload contents at defined temperatures longer than any other passive thermal shipper.Â Equally impressive are the Credo Xtreme® full pallet which holds 890 liters and the half pallet which holds 406 liters, each providing 35% more payload space than the closest competitor.Â In addition to their unique scientific packaging, MTS offers a complete range of services and software to support a reusable temperature controlled packaging solution.Â
“Joining forces with Pelican will enable us to aim even higher and provide customers with an unmatched global cold chain solution under one company”, said Tom Anderson, CEO of MTS. “We’re confident that together we’ll deliver products and services to the industry better than any competitive offering.Â An accelerated product development program which will significantly enhance the combined company’s solution set and associated cold chain services is already underway.”
Pelican Products, Inc. is a portfolio company of Behrman Capital, a private equity investment firm based in New York and San Francisco.Â
About Pelican Products, Inc.
Pelican Products, Inc. is the global leader in design and manufacture of both high-performance case solutions and advanced portable lighting systems.Â Their products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and consumer.Â Pelican products are designed and built to last a lifetime.Â The company operates in 19 countries, with 26 offices and five manufacturing facilities across the globe.Â For more information, visit http://wwwbeta.pelican.com/biopharma or www.behrmancap.com.
About Minnesota Thermal Science (MTS)
Minnesota Thermal Science is a global cold chain logistics leader, providing patented and award winning temperature controlled packaging solutions.Â MTS provides advanced technology in thermal protection packaging solutions for the safe transport of pharmaceuticals, tissue, biologics, diagnostics and blood. For more information, visit www.mnthermalscience.com.
About Behrman Capital
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses.Â The company's investments are primarily focused in five industries: health care, specialty manufacturing, business to business outsourcing, defense and information technology.Â The firm has raised five funds with a combined capital base in excess of $3.0 billion. For more information, please visit www.behrmancap.com.
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Patric Rayburn, Rogers Finn Partners
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