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Purchase Strengthens UPS’s Position as a Leading Provider of Compliant Healthcare Supply Chain Solutions Across Europe
WARSAW, POLAND, and ATLANTA, USA, December 18, 2014 – UPS® (NYSE: UPS) today announced it has agreed to terms with Poland-based investment fund ORTIE to acquire its pharmaceutical logistics company Poltraf Sp. z o.o. The acquisition will further strengthen UPS’s healthcare expertise and network in Europe, enabling compliant logistics services to customers for streamlining their product supply to the fast-growing healthcare markets of Central and Eastern Europe.
UPS expects to complete the transaction in the first half of 2015, subject to customary closing conditions. Terms of the deal are not being disclosed.
Based in Blonie near Warsaw, Poltraf has offered customers top-rate healthcare logistics solutions for the past nine years. The company is recognised for its temperature-sensitive warehousing and transportation solutions that help healthcare and life sciences companies maximise supply chain efficiencies, meet regulatory requirements and deliver products reliably and securely. Its customers include some of the best known healthcare brands in the world.
“This acquisition brings greater capability to our global healthcare network,” said Cindy Miller, president, UPS Europe. “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.”
“This is a very positive development for our company, our employees, and our customers,” said Piotr Krol, CEO of Poltraf. “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. We look forward to creating even greater value for our customers.”
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