The acquisition is in line with SCA Packaging’s strategy to focus on segments with a high-value content.
The acquisition follows SCA’s purchase last year of a 25% shareholding in Cool Logistics, with an option to acquire the remaining 75%. The total purchase price for the entire company is £7.4 million.
Cool Logistics’ packaging solutions are specially adapted for certain new drugs, which may be produced from proteins that must be stored and transported within a specific temperature range in order not to retain their effectiveness. These packaging solutions are also suitable for other temperature-sensitive products such as medical samples, special chemicals, food and fresh flowers.
In 2005, Cool Logistics posted sales of £5.4 million with a 22% EBITDA margin.
SCA is a producer and marketer of consumer goods and paper products, producing around €11 billion worth of products in about 40 countries for sale to 90 countries.