Monday, March 10, 2014

Pelican Products, Inc. Accelerates its BioPharma Strategy with the Acquisition of Cool Logistics

Pelican Products, Inc., the global leader in the design and manufacture of high-performance protective case solutions and advanced portable lighting systems, today announced the acquisition of UK based Cool Logistics, provider of temperature controlled packaging solutions. Cool Logistics will merge with previously acquired Minnesota Thermal Science, an exhibitor at this year's Partnerships in Clinical Trials, under the Pelican BioPharma division. The combined companies will offer the largest global footprint in the industry with local sales, distribution and customer service support.

Specializing in the design, test and qualification of temperature controlled packaging solutions, Cool Logistics is dedicated to fulfilling the complex needs of the global healthcare industry. Customers benefit from their extensive expertise in ensuring that temperature stability is maintained throughout the distribution chain. Diverse industry needs are recognized and the challenges that different geographical regions present are taken into account. Product range includes everything from dry-ice shippers, chilled and room temperature solutions around the SHERPA™ brand of products, the soon to be released CHRONOSTM Advance high performance range and bulk freight forwarding solutions leveraging the COOLPALL™ brand. Off-the-shelf solutions, customized designs and third party solutions NANOCOOLTM (utilizing advanced push button evaporative cooling technology) and SILVERSKINTM (Thermal covers) are also available, as well as a variety of sizes from small mailers to pallet accepting shippers.

“Cool Logistics’ presence in countries such as the UK, India, Singapore and Australia will allow us to better service international markets, bringing critical solutions to our global customers,” said Lyndon Faulkner, President and CEO of Pelican Products, Inc. “With this acquisition and the recent integration of Minnesota Thermal Science, we’re now positioned to provide customers with the industry’s widest range of packaging solutions leveraging a variety of technologies.”

The Pelican BioPharma™ line offers a full suite of products and services designed with longevity, reusability and sustainability in mind, providing the safe transport of pharmaceuticals, tissue, diagnostics/clinical trials and blood supplies. Products include the reusable CREDO CUBE®, which protects payload contents at defined temperatures longer than any other passive thermal shipper.
Additionally, the CREDO XTREME® full pallet which holds 890 liters and the half pallet which holds
406 liters, each provide 35% more payload space than the closest competitor. Recent
developments include the extension of the CREDO DURACUBE® family of products and the
introduction of the CREDO PROMED™ product line, extension of service centers around the world,
and the release of the next generation of its asset management software.

“Cool Logistics and Minnesota Thermal Science fostered a successful relationship over the past
several years,” said Kevin Valentine, Strategic Development Director and Co-Founder of Cool
Logistics. “We’re well prepped for this next phase of expansion as a Pelican BioPharma company
and look forward to continuing our lead in innovative technology and exceptional service levels.”

Pelican Products, Inc. is a portfolio company of Behrman Capital, a private equity investment firm
based in New York and San Francisco.

About Pelican
Pelican Products, Inc. is the global leader in design and manufacture of both high-performance case
solutions and advanced portable lighting systems. Their products are used by professionals in the most
demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment,
industrial and consumer. Pelican™ products are designed and built to last a lifetime. The company
operates in 19 countries, with 26 offices and five manufacturing facilities across the globe. Peli Products,
S.L.U. is the European arm of Pelican Products, Inc. For more information, visit

About Cool Logistics
Cool Logistics specialises in the supply, design, test and qualification of temperature controlled packaging
solutions and is dedicated to meeting the complex needs of the global Healthcare Industry. The company
has a wide range of standard products coupled with strong capabilities in the testing and qualifying of
temperature control packaging systems to international pharmaceutical regulatory standards, creating
cost effective supply chain solutions for the medical and pharmaceutical industry. Founded in 2000 with
headquarters situated in the UK, the company has developed a strong reputation for providing its clients
with quality cost effective packaging systems which they are able to supply globally through an extensive
international network of partnerships and manufacturing locations.

About Behrman Capital
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and
Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of
established growth businesses. The company's investments are primarily focused in five industries:
health care, specialty manufacturing, business to business outsourcing, defense and information
technology. The firm has raised five funds with a combined capital base in excess of $3.0 billion. 

Trademarks and logos displayed herein are registered and unregistered trademarks of Pelican Products, Inc., its subsidiaries and /or affiliates.

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