Softbox acquires Cold Tech Systems to further expand presence in Latin America
Long Crendon, Buckinghamshire, UK, 23rd May 2018 – Softbox, a leading global innovator and provider of temperature control packaging for the life science and logistics industries, today announces the acquisition of Cold Tech Systems.
Cold Tech Systems has been the exclusive Softbox licensee in Latin America for several years, establishing itself as a leading supplier of high-quality temperature control packaging systems for the region’s pharmaceutical cold chain industry.
The acquisition of Cold Tech Systems enables Softbox to distribute its innovative temperature control packaging systems directly to the Latin American market and meet its increasing demand for local innovation as well as local production, inventory and technical and QA support.
Wayne Langlois, President of Softbox, commented: “I’m extremely proud to welcome Cold Tech Systems as our partner within the Softbox family. The combination of our Softbox capabilities and award-winning packaging systems with Cold Tech’s valuable client relationships, local production and local coverage, will make us the go-to vendor for the leading pharmaceutical companies across Latin America.
“With the acquisition of Tempack in 2017 and now Cold Tech Systems, we have become an even stronger and simpler solution in Latin America, and I believe our combined companies, all within Softbox, will provide the market’s best products, service and support to our customers.”
Alfredo N. Ratmiroff, President of Cold Tech Systems, added: “The integration with Softbox significantly strengthens Cold Tech’s purpose of supplying its customers in Latin America with the best-in-class cold chain solutions. Softbox’s acclaimed client-driven innovations and Cold Tech’s client-centric product/service customisations are combining to offer the most effective temperature protection with packaging that maximises logistic efficiency.
“We are truly excited about the prospects of delivering to our clients in Latin America the most innovative cold chain packaging systems adapted to meet regional ambient and logistic challenges backed by local technical support.”
About Softbox
Softbox is an award-winning temperature control packaging innovator that has been designing and producing high performance passive temperature control packaging solutions for over 20 years. We offer consistent quality to our clients from our strategically located global manufacturing sites throughout Europe, Americas, India and Asia Pacific.
We have formed long standing partnerships with the world’s leading pharmaceutical, clinical research, biotech and logistics companies, and apply innovative thinking to overcome the challenges that our clients face in managing the Cold Chain when shipping temperature sensitive clinical trial and commercialised products.
In 2014, Great Point Partners, a leading health care investment firm, recapitalised Softbox to provide growth financing for the Company to continue to execute on its expansion, innovation and global investment strategy to support its clients around the globe.
For more information about Softbox visit: www.softboxsystems.com
About Cold Tech Systems
Cold Tech Systems is Softbox’s exclusive manufacturer and distributor for Latin America providing innovative and high-quality temperature control packaging systems for the leading pharmaceutical companies.
It is focused on providing pharmaceutical clients with the most reliable temperature protection for their products in transit while facing challenging ambient temperatures and the risks present with numerous participants in the cold supply chain.
For more information about Cold Tech Systems visit: www.coldtechsystems.com
