Tuesday, February 4, 2014
Pelican Products Buys UK Company
Torrance-based Pelican Products, which is best known for its protective cases and flashlights and other lighting systems, said late Monday that it has acquired UK-based Cool Logistics, a developer of temperature controlled packaging products. Financial terms of the buy were not announced. According to Pelican Products, it will merge Cool Logistics with its previously acquired Minnesota Thermal Science brand, which is part of its biopharmaceuticals division. Pelican said that the move in particular helps it with expansion in the UK, India, Singapore, and Australia. Cool Logistics makes packaging products which are used to monitor and ensure stable temperatures for pharmaceuticals, blood supplies, tissue, and other temperature-sensitive goods. Pelican Products is owned by private equity firm Behrman Capital.