Massachusetts-based Cold Chain Technologies (CCT), a provider of thermal packaging and digital monitoring technology for transporting temperature-sensitive life sciences products, has acquired Tower Cold Chain.

Founded in 1999, Tower designs, manufactures and operates a fleet of passive reusable temperature-controlled containers used to transport high-value life sciences products. From its UK headquarters and network of more than 20 service hubs across five continents, Tower supports blue-chip pharmaceutical and life sciences customers around the world.

“We are excited to leverage CCT’s robust product portfolio, manufacturing capabilities, proprietary track-and-trace software, and leading R&D expertise to accelerate our worldwide growth,” said Niall Balfour, CEO of Tower. “We have long admired CCT as a leader in our industry and believe it is the ideal partner to support Tower’s next chapter of growth.”

Ranjeet Banerjee, CEO of CCT, added: “Tower has developed an impressive portfolio of highly technical, robust reusable products capable of exceeding the stringent requirements of global pharmaceutical clients. We are thrilled to partner with Niall and the entire Tower team to offer exciting new products and geographic service capabilities to our current and prospective customers. This combination further establishes CCT as the leader in temperature-controlled packaging with unmatched thermal engineering expertise, digital monitoring and tracking, global manufacturing, and commitment to sustainability.” 

This is CCT’s fourth acquisition since partnering with Los Angeles-based private equity firm Aurora Capital Partners (www.auroracap.com) in 2019. During this time, CCT has expanded its portfolio of sustainable packaging, entered new life sciences verticals, launched its digital platform, and grown its global manufacturing and service capabilities.

With more than 50 years of proven product assurance in transit, CCT (www.coldchaintech.com) provides thermal packaging and digital technology for the shipment of temperature-sensitive material for the life sciences industry.

Tower Cold Chain (www.towercoldchain.com) manufactures passive reusable thermal packaging primarily for pharmaceutical and biopharmaceutical applications. Founded in 1999, Tower is headquartered in Theale, UK, and maintains more than 20 global service hubs across five continents.

Terms of the transaction were not disclosed.