Exel Increases Turkey Presence

UK-based Exel, a supply-chain management company, will acquire Transbeynak, a leading regional supply chain management business based in Turkey. Transbeynak provides supply chain services to the pharmaceutical and healthcare markets. Transbeynak, founded in 1967, operates both bonded and non-bonded temperature-controlled facilities with manual and automated specialist packaging and labeling operations. The company has a significant share of the market in Turkey and works in partnership with 12 of the world's leading pharmaceutical and healthcare companies, including Boehringer Ingelheim and Bayer from its two facilities in Avcilar, west of Istanbul.