Torrance, CA - January 23, 2014
Pelican Products, Inc., the global leader in the design and manufacture of high-performance protective case solutions and advanced portable lighting systems, today announced their proposal to acquire UK based Cool Logistics, provider of temperature controlled packaging solutions, with the intention to close on January 31st, 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.
Specializing in the design, test and qualification of temperature controlled packaging solutions, Cool Logistics is dedicated to fulfilling the complex needs of the global healthcare industry. Customers benefit from their extensive expertise in ensuring that temperature stability is maintained throughout the distribution chain. Diverse industry needs are recognized and the challenges that different geographical regions present are taken into account. Product range includes everything from dry-ice shippers, chilled and room temperature solutions around the SHERPA™ brand of products, the soon to be released CHRONOSTM Advance high performance range and bulk freight forwarding solutions leveraging the COOLPALL™ brand. Off-the-shelf solutions, customized designs and third party solutions NANOCOOLTM (utilizing advanced push button evaporative cooling technology) and SILVERSKINTM (Thermal covers) are also available, as well as a variety of sizes from small mailers to pallet accepting shippers.
"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, Inc. "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."
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 liters and the half pallet which holds 406 liters, 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 centers around the world, and the release of the next generation of its asset management software.
"Cool Logistics and Minnesota Thermal Science fostered a successful relationship over the past several years," said Kevin Valentine, Strategic Development Director and Co-Founder of Cool Logistics. "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."
Pelican Products, Inc. is a portfolio company of Behrman Capital, a private equity investment firm based in New York and San Francisco.
Pelican Products, Inc. is the global leader in the design and manufacture of high performance protective cases, temperature controlled packaging solutions, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts. Their products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and consumer. Pelican™ products are designed and built to last a lifetime. The company operates in 21 countries, with 22 international sales offices and six manufacturing facilities around the globe. In Europe, the company does business under the name Peli Products, S.L.U. For more information, visit www.pelican.com or www.behrmancap.com.
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