Theale, UK: Cold Chain Technologies has acquired Tower Cold Chain. Terms of the transaction were not disclosed.
UK-based Tower makes and operates passive reusable temperature-controlled containers used to transport high-value life sciences products.
“Tower has developed an impressive portfolio of highly technical, robust reusable products capable of exceeding the stringent requirements of global pharmaceutical clients,” said Ranjeet Banerjee, chief executive, Cold Chain Technologies.
“We are thrilled to partner with Niall and the entire Tower team to offer exciting new products and geographic service capabilities to our current and prospective customers. This combination further establishes CCT as the leader in temperature-controlled packaging solutions with unmatched thermal engineering expertise, digital monitoring and tracking, global manufacturing, and commitment to sustainability.”
This is Cold Chain Technologies’s fourth acquisition since partnering with Aurora Capital Partners in 2019. During this time, Cold Chain Technologies has expanded its portfolio of sustainable packaging solutions, entered key new life sciences verticals, launched its digital platform, and grown its global manufacturing and service capabilities.
Cold Chain Technologies provides thermal packaging for temperature-sensitive material for the life sciences industry.