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The strategic truth behind Tobin’s cold chain acquisitions
Yahoo Finance· 2025-09-10 17:01
Core Insights - The life sciences industry is experiencing a surge in demand for precision-controlled logistics due to biopharma innovation, cellular and gene therapies, and regulatory scrutiny [1] - Companies are focusing on facility expansions, infrastructure upgrades, and strategic acquisitions to ensure reliability and compliance in the cold chain ecosystem [1] Industry Movements - Cold chain pharmaceutical companies are making significant investments in temperature-controlled facilities, expanding regionally, and enhancing crisis resilience [2] - Tobin Scientific's recent announcements, including a new cGMP-compliant warehouse and a major acquisition, reflect the company's alignment with these supply chain trends [2] Infrastructure Expansion - Tobin Scientific opened a new 40,000 sq ft cGMP-compliant warehouse in Wilmington, Massachusetts, featuring dual –20 °C storage chambers and comprehensive backup power systems [3] - This facility is Tobin's third in three years, part of a $65 million growth capital raise in 2025, highlighting the industry's need for geographically dispersed, high-integrity storage hubs [4] Strategic Integration - The acquisition of Wakefield Moving & Storage adds 300,000 sq ft of warehouse space in New England, enhancing Tobin's capabilities in lab relocations and secure facility transitions [5] - This acquisition broadens Tobin's reach into sectors like semiconductors and defense while strengthening its core services in biotech, pharma, and academic research logistics [5]