FedEx Corp. has signed an agreement to acquire MultiPack, a Mexican domestic express package delivery company. This transaction will allow its FedEx Express business unit to enhance its capabilities in the Mexican domestic market with a broader portfolio of transportation and logistics options under the FedEx brand. The transaction is expected to close in the second calendar quarter of 2011, subject to regulatory approvals and customary conditions.
MultiPack offers a range of package delivery, transportation, warehousing and logistics services with a pick-up and delivery network across all 31 Mexican states and the Distrito Federal. Founded in 1939, MultiPack currently operates 48 distribution centers, 13 warehouses and more than 500 retail outlets across the country.
“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,” says Juan Cento, president, Latin America and Caribbean, FedEx Express.
After closing, integration of the two companies will be achieved in phases.