AAR division acquires container manufacturer

PRNewswire

Wood Dale-based AAR Corp. said its Mobility Systems business has acquired the assets of Cool Containers, a manufacturer of temperature-controlled containers used to transport climate-sensitive pharmaceuticals and biological cargo.

Terms of the acquisition were not announced.

"We are excited about the opportunity to expand AAR Mobility's capabilities and product portfolio," said AAR Senior Vice President of Technology Products Lee Krantz. "We are looking forward to further developing Cool Containers' cold-chain shipping technology and forging deeper relationships with our logistics partners in the military and commercial channels."

Best known for its commercial and defense aircraft maintenance services, AAR said the acquisition enhances the division's global position by extending the company's logistics expertise into the fast-growing pharmaceutical market while bolstering its military and medical offerings.

Cool Containers designs and manufactures the PharmaPort 360, an innovative container that uses regenerative heat exchangers to maintain stringent temperature control for high-value cargo. The refrigerated containers, which are approved by the FAA, can be used to safely ship temperature-sensitive pharmaceuticals, blood plasma, and other biological cargo via air or ground transportation.