FedEx strengthens presence in Mexico with MultiPack acquisition
FedEx Express has completed the acquisition of Mexican domestic carrier MultiPack. The US-based carrier said that the acquisition will strengthen the FedEx network in Mexico to meet growing customer demand.
This transaction will allow FedEx Express to provide a wider range of domestic and international transportation and logistics solutions in Mexico.
The company said the move reinforces its commitment to the Mexican market by facilitating access of local businesses to advanced technology, expanded services to meet their transportation and logistics needs, and an extensive retail presence throughout the Mexican Republic.
Michael L. Ducker, chief operating officer, FedEx Express, said: “The acquisition of MultiPack further solidifies our long-term presence in the market.
“FedEx is expanding its footprint in order to better meet the demands of Mexican businesses, and responding to the growth potential of this dynamic economy. The integration of the companies will create a winning combination of global reach and national expertise, backed by a commitment to service excellence.”
From yesterday (25 July), FedEx started incorporating MultiPack’s existing operations and infrastructure into its network, with the company stating that full integration will be achieved in phases.
MultiPack’s existing operations include its pick-up and delivery network, warehousing and logistics services, 48 distribution centres, 13 warehouses and more than 500 retail outlets, all of which will be consolidated into the FedEx business. FedEx aims to achieve a seamless transition for employees and customers in Mexico.
“Nothing changes for customers today and business continues as usual with no modification to points of contact or services. As integration progresses, customers in Mexico will have direct access to a complete portfolio of domestic and international transportation and logistics solutions under the trusted FedEx brand, allowing them to reach all the states of the Mexican Republic and more than 220 countries and territories worldwide, ultimately improving Mexico’s competitiveness in the global marketplace,” a FedEx statement said.
The FedEx workforce in Mexico now accounts for more than 5,000 dedicated employees across the country.