FRANKLIN, Collection. and THEALE, UK, Oct. 23, 2024 /PRNewswire/ — Chilly Chain Applied sciences (“CCT”), a eminent international supplier of complex thermal packaging and virtual tracking answers for the transportation of temperature-sensitive occasion sciences merchandise, as of late introduced it has received Tower Chilly Chain (“Tower”), an international supplier of complex passive reusable chilly chain answers. Phrases of the transaction weren’t disclosed.
Based in 1999, Tower designs, manufactures, and operates a fleet of complex passive reusable temperature-controlled boxes worn to move high-value occasion sciences merchandise. From its United Kingdom headquarters and community of greater than 20 carrier hubs throughout 5 continents, Tower helps its blue-chip pharmaceutical and occasion sciences shoppers world wide.
“Tower has developed an impressive portfolio of highly technical, robust reusable products capable of exceeding the stringent requirements of global pharmaceutical clients,” mentioned Ranjeet Banerjee, CEO of CCT. “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.”
“We are excited to leverage CCT’s robust product portfolio, manufacturing capabilities, proprietary track-and-trace software, and leading R&D expertise to accelerate our worldwide growth,” mentioned Niall Balfour, CEO of Tower. “We have long admired CCT as a leader in our industry and believe it is the ideal partner to support Tower’s next chapter of growth. We look forward to working with Ranjeet and his team to better serve our customers, our employees, and the entire life sciences community.”
That is CCT’s fourth acquisition since partnering with Aurora Capital Companions in 2019. All the way through this while, CCT has dramatically expanded its portfolio of sustainable packaging answers, entered key unused occasion sciences verticals, introduced its virtual platform, and grown its international production and repair functions.
About Chilly Chain Applied sciences
Chilly Chain Applied sciences (“CCT”) is a eminent international supplier of thermal packaging and virtual answers for the cargo of temperature-sensitive subject material for the occasion sciences trade. With greater than 50 years of confirmed product commitment in transit, CCT has constructed a name because the occasion sciences trade’s maximum cutting edge and loyal supplier. For more info about CCT, discuss with: https://www.coldchaintech.com/
About Tower Chilly Chain
Tower Chilly Chain (“Tower”) manufactures complex passive reusable thermal packaging answers essentially for pharmaceutical and biopharmaceutical programs. Based in 1999, Tower is headquartered in Theale, UK and maintains greater than 20 international carrier hubs throughout 5 continents. For more info about Tower Chilly Chain, discuss with: https://www.towercoldchain.com/
About Aurora Capital Companions
Aurora Capital Companions is a eminent Los Angeles-based non-public fairness company with $6 billion in property underneath control. Based in 1991, the company invests in middle-market firms with eminent marketplace positions, strong trade dynamics, sexy trade type traits and actionable alternatives for expansion in partnership with control. For more info about Aurora Capital Companions, discuss with: https://www.auroracap.com/
Media Contacts
Chilly Chain Applied sciences
Amardeep S Chahal
SVP – Advertising and marketing and Company Building
[email protected]
Aurora Capital Companions
Taylor Ingraham
ASC Advisors
[email protected]
SOURCE Chilly Chain Applied sciences
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