Pelican Biothermal acquires Nanocool
Pelican Biothermal has acquired Nanocool, an Albuquerque, New Mexico-based manufacturer of temperature-controlled packaging solutions. “The core competency of Pelican Biothermal and Nanocool — innovative temperature-controlled packaging — is very much aligned, but there is little overlap between our market segments and product technologies,” said David Williams, president of Pelican Biothermal.
“Adding Nanocool’s capabilities to our diverse product line will help fuel our efforts to expand our offerings and bring further innovation to growing sectors of the life sciences industry spanning the globe."
Doug Smith, Founder of Nanocool, said: “Since we primarily serve customers in the USA, we look forward to leveraging Pelican Biothermal’s extensive global network to bring our technology to more areas of the world – especially to areas where temperature-control is crucial.” Smith will continue with the business as a consultant to Pelican, and the Nanocool facility in New Mexico will continue to manufacture its products. (mw)