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US’ Great Point Partners funds the private-equity deal
Softbox Systems, based in the UK, has acquired Tempack Packaging Solutions, based in Barcelona, Spain. Both companies specialize in packaging solutions for high-value, temperature-sensitive pharmaceuticals. Softbox currently has operaionts in the US, UK, India and Singapore; Tempack has two offices in Europe (Spain and Germany) and four in Latin America.
Softbox provides pallet and parcel shippers, using passive cooling technology, for air, ocean and ground transportation; Tempack provides similar containers, as well as a metrological lab for pilot studies.
Noah Rhodes, managing director at Great Point Partners added, “Global expansion is a key objective of our strategic plan for Softbox and the acquisition of Tempack will allow us to better serve our customers through an expanded presence in both the European and Latin American markets.” Great Point, which manages around $1 billion in healthcare investments, recapitalized Softbox in 2014.