Pieffe owns two healthcare distribution facilities, in Milan and Rome, covering a combined area of more than 700,000 sq ft. The facilities have room for expansion and house 12 cold storage areas.
Jim Barber, president, UPS Europe, said: “Pieffe is a perfect fit for UPS. Pieffe will make a valuable addition to UPS's European healthcare network, and we look forward to welcoming their team to the UPS family.”
The acquisition follows the addition of facilities in North and South America, Europe and Asia.