Pelican Products buys Minnesota Thermal Science
Torrance-based Pelican Products has acquired Minnesota Thermal Science. Minnesota Thermal Science will merge with Pelican’s already established BioPharma division. Pelican Products is a leader in design and manufacture of high performance protective case solutions and advanced portable lighting systems.
The deal is worth $26 million.
“ This transaction will provide us enhanced sales and distribution capabilities globally, as well as additional engineering expertise and other resources to increase our offerings to the pharmaceutical and life science industries are controlled packaging solutions for the safe transport of pharmaceuticals, tissue, biologics, diagnostics, blood and other healthcare product also said," MTS said. The company also said, "We are already planning an accelerated product development program which will significantly enhance our solution set and associated cold chain services,” said MTS.
MTS said its entire management team will remain intact and become an integral part of Pelican’s BioPharma division. The division will be headed up by Tom Anderson, senior vice president — Pelican BioPharma.
Dick Peters, Vice President of Global Operations and Services — BioPharma, and Kevin Lawler, Vice President of sales — BioPharma will be reporting to Mr. Anderson.
Jeff Wodrich will continue in his key role as director of business development for the new organization and we will be integrating the rest of the Pelican BioPharma team.
MTS was founded in 2004 and has 35 employees at its Plymouth facility. Pelican Products has 1,250 employees. MTS has been growing revenue 50 percent per year during the past five years. Minnesota Thermal Science was part of A. Johnson Enterprises of Baxter.