Sonoco (SON) Acquires Laminar Medica, Expands In Europe
Zacks Investment Research | Sep 21, 2016 07:16AM ET
Sonoco Products Co.’s (NYSE:SON) unit Sonoco ThermoSafe has acquired London-based Laminar Medica from Clinimed (Holdings) Limited. Laminar Medica specializes in the design and manufacture of temperature controlled packaging for the global healthcare industry. Along with expanding Sonoco ThermoSafe’s global presence overall, the acquisition will particularly expand its footprint in the European Temperature-Controlled packaging market.
Operating since 1975, Laminar Medica provides solutions for products that necessitate refrigeration, ambient and frozen temperature control for shipments with duration ranging from 24 hours to 120 hours. Its insulated parcel and pallet shipping solutions are sold globally under well-known brands, including ChillTherm, FreezeTherm, ClimiTherm, MediPhase, MediPorter, MediSorb, and newly launched ChillTech and AmbiTech product lines.
Sonoco ThermoSafe in its own right is a leading global provider of temperature assurance packaging to ensure safe transport of pharmaceuticals, biologics, vaccines and other temperature-sensitive products. With operations spread over North America, South America, Europe and Asia, it has a massive product offering featuring industry-leading technology that includes refrigerated, frozen or controlled room temperature applications.
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