UPS Subsidiaries Launch Agreement with Haemacure Corporation
UPS Capital and UPS Logistics Group to Provide Funding, Supply Chain Management Services for Canadian Biomedical Company (12/5/2001)
Haemacure specializes in innovative biological adhesives, biomaterials and surgical devices for the acute surgical wound care market.
“UPS delivered a single-source solution that would have taken four different companies to duplicate,” said Jim Roberts, CFO of Haemacure. “We have one point of contact and are gaining visibility and consistency on multiple levels. Whether it’s ensuring the integrity of our product during international shipments or assessing our financial data, UPS can handle our needs from start to finish.”
Haemacure recently announced the completion of a $6 million credit facility with UPS Capital, which will be used to fund working capital needs and will be backed by its accounts receivable and inventory. Haemacure also signed a master logistics agreement with Livingston Healthcare Services Inc., a UPS Logistics Group company based in Newark, Del., and is currently in discussions to finalize additional agreements that support its supply chain management and distribution needs.
Author:Chris Saynor, CEO, eyefortransport.com
