Protective case solutions designer and manufacturer Pelican Products has announced the acquisition of Minnesota Thermal Science (MTS) for an undisclosed sum.
As part of the acquisition, MTS, the US-based provider of temperature-controlled packaging solutions, will merge with Pelican's existing BioPharma division.
Pelican president and CEO Lyndon Faulkner said the combined entity would offer a wide range of temperature controlled packaging solutions for the safe transport of pharmaceuticals, tissue, biologics, diagnostics, blood and other healthcare products.
"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," Faulkner said.
Besides Pelican BioPharma cases, customers will have access to the full range of MTS products including the reusable Credo Cube, which protects payload contents at defined temperatures longer than any other passive thermal shipper.
The products also include Credo Xtreme full pallet, which holds 890l, and the half pallet which holds 406l, each providing 35% more payload space.
According to MTS, an accelerated product development programme, which will improve the combined company's solution set and associated cold chain services considerably, is already underway.
The company offers a complete range of services and software to support a reusable temperature controlled packaging solution, besides its scientific packaging.
Pelican Products is a portfolio company of Behrman Capital, an equity investment firm in New York and San Francisco.
Image: The acquisition will enable customers to get access to the full range of MTS products including the reusable Credo Cube. Photo: Marketwire.