FedEx acquires Mexican company MultiPack
FedEx has signed an agreement to acquire Mexican domestic express company MultiPack. The move will allow the FedEx Express business unit to “enhance its capabilities in the Mexican domestic market with a broader portfolio of transportation and logistics options,” the company said.
The acquisition is expected to close in the second calendar quarter of 2011.
MultiPack offers delivery, transportation, warehousing and logistics services with a pick-up and delivery network across all 31 Mexican states and the Distrito Federal.
“The addition of MultiPack will significantly expand our domestic service portfolio in Mexico and underscores our commitment to expand the FedEx business in this dynamic growth market,” said Michael L. Ducker, chief operating officer, FedEx Express. “This strategic investment will deliver additional value to our customers, employees and shareowners.”
FedEx said that Mexican businesses increasingly demand a range of domestic and international transportation solutions with speed, reliability and national and global coverage.
“As the Mexican market continues to evolve and expand, customers increasingly seek a single provider of solutions for their domestic and international transportation and logistics needs to more efficiently manage their supply chains,” said Juan N. Cento, president, Latin America and Caribbean, FedEx Express. “This acquisition will give our customers access to broader business and transportation services, leveraging MultiPack’s national expertise and infrastructure, and the FedEx global network connecting 220 countries and territories.”
After closing, integration of the two companies will be achieved in phases.
“The acquisition of MultiPack by FedEx will present new opportunities for both customers and employees,” said Roby G. Brown, vice president of FedEx Express, Mexico, Central America and Andean. “Our two companies represent a strategic fit with a common commitment to enhance the service we can offer Mexican businesses, invest in our people, and positively impact our communities as good corporate citizens.”
Founded in 1939, MultiPack currently operates with a solid infrastructure including 48 distribution centres, 13 warehouses and more than 500 retail outlets across the country.
