UPS on Thursday announced an agreement to purchase Pieffe Group, an Italian pharmaceutical logistics company. Terms were not disclosed.
Pieffe offers storage, distribution and cold chain services to pharmaceutical companies, UPS said in a statement.
UPS said the acquisition supports its efforts to better serve its growing customer base in the pharmaceutical, biotech and medical device industries. The acquisition adds two healthcare distribution facilities to UPS’s global network, one in Milan and one in Rome, the company said.
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