UPS Healthcare Expands Capabilities with Acquisition of Frigo-Trans and BPL

$UPS

UPS (NYSE: UPS) announced the successful completion of its acquisition of Frigo-Trans and its sister company, BPL, both of which specialize in complex healthcare logistics solutions across Europe. This strategic acquisition enhances UPS Healthcare’s end-to-end offerings, catering to the increasing global demand for temperature-controlled and time-critical logistics services in the healthcare sector.

Frigo-Trans brings a robust network of temperature-controlled warehousing capabilities, which span from cryopreservation at -196°C to ambient temperatures ranging from +15°C to +25°C. Additionally, the company operates a Pan-European cold chain transportation network, ensuring the safe and efficient movement of sensitive healthcare products. The integration of these services, alongside BPL’s expertise in time-critical freight forwarding, strengthens UPS Healthcare’s ability to meet the growing needs of its customers in Europe and beyond.

As healthcare logistics continue to evolve, the acquisition of Frigo-Trans and BPL positions UPS Healthcare as a leading provider of sophisticated, temperature-sensitive logistics solutions. These acquisitions are part of UPS’s ongoing commitment to providing reliable and scalable solutions for global healthcare providers, ensuring that critical medications, vaccines, and other healthcare products are delivered safely and on time.

Alongside this announcement, UPS also declared its regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares. The dividend is set to be paid on December 5, 2024, to shareholders of record as of November 18, 2024.

The acquisition of Frigo-Trans and BPL underscores UPS Healthcare’s dedication to meeting the evolving needs of the healthcare industry. By expanding its portfolio of services, UPS is better equipped to offer comprehensive, efficient logistics solutions for healthcare customers across Europe, supporting the movement of essential products in an increasingly complex and demanding global market.

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