UPS announces acquisition of Poltraf
Atlanta-based UPS that offers a range of solutions for transporting packages and freight will be acquiring the pharmaceutical logistics company of Poland-based investment fund Ortie, Poltraf for an undisclosed amount.
With the acquisition, UPS will be able to strengthen its healthcare expertise and network in Europe and enable compliant logistics services to customers to help them stream their product supply to the fast-growing healthcare markets of Central and Eastern Europe.
The transaction is expected to be completed in the first half of 2015.
Poltraf specializes in producing temperature-sensitive warehousing and transportation solutions for healthcare and life sciences companies that help in maximizing supply chain efficiencies, meet regulatory requirements and deliver products reliably and securely.
Speaking about the acquisition, UPS Europe president Cindy Miller said: "This acquisition brings greater capability to our global healthcare network.
"Poltraf complements our mainland Europe expansion plan and we are now able to provide healthcare companies access to a single source for logistics solutions across the continent, helping to achieve greater supply chain efficiencies and compliance with relevant guidelines."
As a part of the acquisition, UPS will add three facilities with advanced warehousing management systems, full quality assurance services and an experienced workforce to its existing European healthcare network which currently includes 14 healthcare facilities.
Poltraf CEO Piotr Krol said: "This is a very positive development for our company, our employees, and our customers. Joining forces with UPS will allow us to continue to provide high-quality logistics services to our customers and broaden our reach by leveraging UPS's global distribution network."
Currently, UPS operates healthcare distribution centers in the Benelux area, Eastern Europe, Central Europe, Southern Europe, the Iberian Peninsula and the UK.
UPS' recent acquisitions include the acquisitions of UK-based healthcare logistics innovator, Polar Speed in February 2014, Hungary-based pharmaceutical logistics company, Cemelog in 2013 and Italy-based, Pieffe, in 2011.