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Tosca, an innovator in reusable packaging and supply chain solutions in the United States, announced today that it has acquired Polymer Logistics ("Polymer"), an innovative company specializing in reusable transport packaging and retail merchandising systems in the United States, Europe, and Israel from a consortium of private investors.
The acquisition of Polymer will expand Tosca's geographic reach and increase its product portfolio. This will offer customers more value through increased network density, particularly in the US, and an expanded product offering.
Eric Frank, CEO of Tosca stated: "We're excited to announce this transformational acquisition. At Tosca, we're passionate about lowering supply chain costs for our customers and increasing the adoption of reusable packaging solutions. The enhanced capabilities afforded by Polymer will allow us to be a better partner to our customers and continue to revolutionize the flow of perishables through the supply chain."
The acquisition of Polymer represents a major milestone in Tosca's growth. From its humble beginnings refurbishing cheese barrels in 1959 to North America's largest pooler of handheld containers, Tosca is transforming supply chains for some of the largest and most influential grocery retailers and suppliers.