Sonoco ThermoSafe is acquiring PharmaPort 360 assets, licenses, trademarks and manufacturing rights from AAR Cold Chain Solutions. The move marks Sonoco ThermoSafe's entry into the active temperature-controlled cargo containers market.
The PharmaPort 360 container uses regenerative heat exchangers to maintain tight temperature control for high-value cargo. The FAA-approved containers are designed to safely ship temperature-sensitive pharmaceuticals, blood plasma and other biological cargo via air or ground.
Sonoco ThermoSafe has signed a multi-year agreement with AAR to manufacture, repair and maintain the containers, which Sonoco will own or lease. Terms of the overall deal were not disclosed.
“This acquisition is in line with our strategy to provide the best temperature-controlled shipping solution irrespective of technology platform (passive or active) to meet our customers’ critical needs for shipping high-value pharmaceuticals and biologics globally," said Vicki Arthur, vice president of Sonoco Protective Solutions. "Sonoco is committed to investing in passive and active technologies, like that of PharmaPort 360, and expanding its presence globally in the temperature-controlled packaging industry.”