United Parcel Service Inc. has announced that it will purchase Italy-based Pieffe Group to support the logistics company’s healthcare business.
Pieffe provides storage and distribution for pharmaceutical companies and through this deal UPS will gain two major facilities in Milan and Rome with a combined space of more than 750,000 square feet. The terms of the deal were not disclosed.
This acquisition will support UPS’s growing customer base of pharmaceutical, biotech and medical device companies, according to a news release.
“Pieffe will make a valuable addition to UPS’s European healthcare network, and we look forward to welcoming their team to the UPS family,” said Jim Barber, president of UPS Europe, in the news release.
UPS currently has 30 facilities worldwide for its healthcare business. In June, the company expanded its services for the giant pharmaceutical company Merck & Co. Inc. beyond North America to handle some of its logistics worldwide.
For more information, visit www.ups.com/healthcare.