Oghma advises DS Smith Plc on the disposal of Cool Logistics to Pelican Products, Inc.
Oghma Partners LLP is pleased to announce its role as exclusive corporate finance adviser to DS Smith Plc in relation to the following transaction, which completed on 31st January 2014:
Oghma Partners LLP Advises DS Smith Plc on the disposal of Cool Logistics to Pelican Products, Inc.
January 31, 2014
Oghma Partners LLP (“Oghma Partners”) is pleased to announce its role as exclusive financial adviser to DS Smith Plc on the disposal of its temperature controlled packaging solutions business, Cool Logistics, to Pelican Products, Inc. (“Pelican Products”). The transaction completed on 31 January 2014.
Cool Logistics specialises in the supply, design, test and qualification of temperature controlled packaging solutions and is dedicated to meeting the complex needs of the global healthcare Industry. The business has a wide range of standard products coupled with strong capabilities in the testing and qualifying of temperature control packaging systems to international pharmaceutical regulatory standards, creating cost effective supply chain solutions for the medical and pharmaceutical industry. Founded in 2000 with a headquarters situated in the UK, the business has developed a strong reputation for providing its clients with quality, cost effective packaging systems which are supplied globally through an extensive international network of partnerships and manufacturing locations. For more information visit www.cool-logistics.com.
Pelican Products is the global leader in the design and manufacture of high-performance protective case solutions and advanced portable lighting systems and is a portfolio company of Behrman Capital, a private equity investment firm based in New York and San Francisco. Their products are used by professionals in the most demanding markets including the fire safety, law enforcement, defence, aerospace, entertainment, industrial and consumer segments. On completion, Cool Logistics merged with the 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.
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