PE-Backed Packaging Co. Buys Biopharma Container Maker

Law360, New York (January 14, 2013, 5:30 PM EST) -- Private equity-backed technical packaging business Pelican Products Inc. has scooped up Minnesota Thermal Science, expanding its repertoire to include temperature-controlled packaging products for pharmaceuticals, tissue, blood and other products in the health care sector, the companies said Monday.

Financial terms of the transaction, which brings Minnesota Thermal under the umbrella of New York private equity outfit Behrman Capital, were not disclosed. The parties also did not say how California-based Pelican financed the transaction or when it closed.

Minnesota Thermal will slide into Pelican's biopharma unit. The...
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