Apax-backed Tosca completed the acquisition of Polymer Logistics.

Tosca, an innovator in reusable packaging and supply chain solutions, completed the acquisition of Polymer Logistics, an innovative company specializing in reusable transport packaging and retail merchandising systems. In conjunction with the transaction, funds advised by Apax Partners will commit additional capital to Tosca to fund the acquisition of Polymer. Financial terms were not disclosed. 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. "We are excited to support Tosca in 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," Eric Frank, Tosca CEO.