Harris Williams advises Cold Chain Technologies on its pending sale

CCT develops innovative and differentiated packaging solutions

Cold Chain Technologies
Harris Williams advises Cold Chain Technologies on its pending sale to Aurora Capital Partners

Harris Williams, a global investment bank specializing in M&A advisory services, has announced that it is advising Cold Chain Technologies (CCT) on its pending sale to Aurora Capital Partners (Aurora). CCT claims to be a leading global provider of reusable and single-use passive thermal packaging solutions for the shipment of temperature-sensitive materials, principally serving the life sciences supply chain. CCT’s products are used in many segments of the life sciences industry, including commercial manufacturing, clinical trials, specialty pharmacy compliance and direct-to-patient shipments. The transaction is being led by Paul Hepper, Cheairs Porter, Ben Bloomfield, Nathan Robertson and Zach Prohaska of the Harris Williams Healthcare and Life Sciences (HCLS) Group and Brad Morrison of the firm’s Industrials Group.

“Larry Gordon, chief executive officer of CCT, and the rest of the CCT management team have built an industry-leading platform that is focused on providing its customers with the best products to uniquely address their specific needs,” said Paul Hepper, managing director at Harris Williams. “CCT’s broad product portfolio and deep industry expertise position the company to capitalize on the tremendous growth in temperature-sensitive pharmaceutical and life sciences products.”

“Through a focus on advanced engineering and technical expertise, CCT continues to develop innovative and differentiated packaging solutions for incredibly demanding applications,” said Brad Morrison, director at Harris Williams. “We can’t wait to watch CCT continue to evolve and accelerate in its next chapter with their new partners.”
According to CCT, with more than 50 years of ensuring product safety in transit, the company has built a reputation as one of the most innovative and reliable providers to the largest global life sciences OEMs and distributors.

Aurora Capital Partners is a leading private equity firm focused principally on control investments in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management. Aurora claims to provide unique resources to its portfolio companies through its strategy and operations program and its team of experienced operating advisors. Aurora’s investors include leading public and corporate pension funds, endowments and foundations are said to be active in private equity investing.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across industry groups and geographies, the firm claims to help its clients achieve outcomes that support their objectives and strategically create value. According to Harris Williams, it is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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