UPS adds Pieffe Group to its global healthcare portfolio

By Jeff Berman, Group News Editor
December 01, 2011 - SCMR Editorial

With its eye on further expanding its rapidly growing global healthcare business, UPS announced today it has agreed to purchase Pieffe Group, an Italy-based pharmaceutical logistics company.

Financial terms were not disclosed.

This deal comes on the heels of UPS opening five new dedicated global healthcare facilities this year in Singapore; Venlo, the Netherlands; Canada; Louisville, KY; and Brazil, giving the company more than 4 million square feet of healthcare distribution space globally. And through the acquisition of Pieffe, it has gained two new facilities in Milan and Rome, upping the total number of global UPS healthcare facilities to 32. The Milan and Rome facilities comprise a combined space of nearly 753,500 square feet, including 12 cold storage areas, with options for further expansion, according to UPS. About 50 Pieffe employees will join UPS through this acquisition.

UPS officials said that Pieffe has been in business for more than 35 years and provides high-quality storage, distribution and cold chain solutions to some of the world’s leading healthcare and pharmaceutical brands.

“Healthcare is a key industry focus for UPS, so the acquisition of Pieffe aligns with UPS’s ongoing global healthcare logistics strategy in which we have made strategic investments to better serve the pharmaceutical, biotech and medical device industries,” said Bill Hook, vice president of Global Strategy, UPS Healthcare Logistics, in an interview. “Pieffe is a complement to an already strong UPS global network of dedicated healthcare facilities. The acquisition also will give us a stronger physical healthcare presence in Italy, along with additional capabilities and expertise that will enable us to serve Italian healthcare customers even better.”

When asked what made Pieffe attractive to UPS, Hook said that it shares UPS’s focus on a very high level of service quality and compliance, adding that UPS and Pieffe also have a deep-rooted culture of precision and innovation in common, and Pieffe also brings with it tremendous experience and expertise in the sector and the local market.

“We’re looking forward to continuing to provide customers with the highest levels of service with the backing of UPS’s worldwide brand,” said Hook. “With that comes UPS’s dedicated healthcare facilities for better global reach; the healthcare compliance expertise of our people to navigate complex global regulations; advanced technology to ensure efficient processes and better shipment visibility, and the reliability of our globally integrated transportation network. This positions UPS to meet the very unique and complex needs of this market. No one else has this kind of breadth and depth globally.”

Hook would not definitively say if UPS is making more healthcare-related acquisitions in the future, but he explained that UPS has always said that despite the still-tough economic conditions it would still make strategic investments that provide opportunities to grow UPS and to strengthen the services and solutions that it bring to its customers. And he said that UPS is running a strong, profitable enterprise that is and will be well positioned to take advantage of strategic opportunities when they arise.

“Pieffe is a perfect fit for UPS,” said Jim Barber, president, UPS Europe, in a statement. “The company shares UPS’s focus on high-quality service and compliance, as well as our deep-rooted culture of precision and innovation. Pieffe will make a valuable addition to UPS’s European healthcare network, and we look forward to welcoming their team to the UPS family.”



About the Author

image
Jeff Berman
Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff joined the Supply Chain Group in 2005 and leads online and print news operations for these publications. In 2009, Jeff led Logistics Management to the Silver Medal of Folio's Eddie Awards in the Best B2B Transportation/Travel Website category. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. If you want to contact Jeff with a news tip or idea, please send an e-mail to .(JavaScript must be enabled to view this email address).

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

When it comes to Congress actually getting its act together on a new long-term federal transportation bill, things remain as status quo as it gets, with the big takeaway being nothing really ever gets done, when it comes to passing a badly overdue and needed bill, rather than these band-aid extensions Congress keeps signing off on.

Truckload and intermodal pricing was up on an annual basis, according to the December edition of the Truckload and Intermodal Cost Indexes from Cass Information Systems and Avondale Partners.

While the official numbers won’t be issued until early February in its quarterly Market Trends & Statistics report, preliminary data for the fourth quarter and full-year 2014 intermodal output from the Intermodal Association of North America (IANA) indicates that annual growth was intact.

Almost all companies today are aware of their labor or material costs... but what about energy consumption? It all comes down to having the energy data needed to determine what actions you must take to improve. The payoff is worth it, as insight into energy data allows you to make more valuable, relevant operating decisions.

With lower energy prices sparking domestic economic gains, coupled with solid manufacturing and industrial production activity, improving jobs numbers, and a GDP number that shows progress, there is, or there should be, much to be enthused about when it comes to the economy and the economic recovery, which has been raised and discussed and dissected from basically every angle possible, it seems. But that enthusiasm regarding the economy needs to be tempered, because big headline themes seldom tell the full story at all really.

Article Topics

News · 3PL · Global Logistics · UPS · All topics

About the Author

Jeff Berman, News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman.

Comments

Post a comment
Commenting is not available in this channel entry.