Tosca, an innovator in reusable packaging and supply chain solutions in the US, has agreed to acquire Polymer Logistics, an innovative company specializing in reusable transport packaging and retail merchandising systems in the United States and Europe, from a consortium of private investors. Terms of the transaction were not disclosed.
In conjunction with the transaction, funds advised by Apax Partners, which acquired Tosca in 2017, will commit additional capital to Tosca to fund the acquisition of Polymer.
Tosca operates 14 service centers across the US, working with the nation's largest and most influential grocery retailers and suppliers to provide solutions for shipping perishables, reducing shrink and driving supply chain efficiency.
Polymer is a leader in retail ready packaging systems and technologies. The company provides reusable containers and other packaging and related services to grocery end markets, as well as retail, logistics and consumer goods customers. Its manufacturing operations are based in Israel and the company operates across the US, the UK and Continental Europe.
The acquisition of Polymer will expand Tosca's geographic reach and increase its product portfolio. This will offer customers a stronger value proposition through increased network density, particularly in the US, and an expanded product offering.