Exel announced that global biopharmaceutical company Bristol-Myers Squibb has chosen Exel as its third-party logistics provider handling its U.S. distribution. As part of the contract, Exel purchased the existing Bristol-Myers Squibb distribution centers in Mount Vernon, Ind., and will take over operations in the second quarter of this year.
Exel will provide logistics operations and finished goods distribution services, including storage and distribution of cold and noncold chain products, clinical trials, samples and exports. Shortly after it takes over operations in Mount Vernon, Exel will open and manage a second distribution center on its campus in Mechanicsburg, Penn., for Bristol-Myers Squibb.
Under Exel’s ownership and management of the Mount Vernon site, Bristol-Myers Squibb will remain a primary customer served at the facility, with the opportunity to add additional Exel customers in the future to create a shared-use pharmaceutical distribution site.
“Exel’s expertise in both the life sciences sector and real estate was crucial in creating the right solution for Bristol-Myers Squibb,” says Joe Puleo, senior vice president of business development for the life sciences industry for Exel, based in Westerville, Ohio. “We are proud to work with such a leading biopharmaceutical company and share its commitment to delivering innovative medicines that help patients prevail over diseases.”
Located near Evansville, Ind., the Mount Vernon distribution center is just 80 miles from the center of all U.S. population demand. It also offers close proximity to a number of key parcel and air infrastructure hubs including Indianapolis and Louisville, Ky. Bristol-Myers Squibb will continue to operate its manufacturing and research and development facilities, also located in Mount Vernon, and remains committed to the local community.