UPS ACQUIRES ESTAFETA

United Parcel Service (UPS) is set to acquire Estafeta, a leading player in the Mexican express delivery industry. This move is poised to deliver potent global logistics solutions and trade opportunities for businesses across Mexico and even beyond. The acquisition is designed to help businesses of varying scales maximize the ongoing Mexico manufacturing boom, evolving global supply chains, and the surge in North American trade.

As part of UPS’s robust ‘Better and Bolder’ strategy, this development aims to solidify UPS’s standing as the world’s top-tier international small package and logistics provider. Given the dynamic shifts in global supply chains and Mexico’s escalating role in global trade, this merger reflects the aspiration to maximize these trends by marrying UPS’s expansive reach with Estafeta’s industry know-how.

The partnership grants Mexican small-medium businesses (SMBs) and manufacturing sectors reliable access to the US domestic air freight  market, promising unprecedented global market reach with stellar service and unparalleled efficiency. This is a testament to our vision of creating a ‘One UPS’ advantage, offering a diverse range of solutions from small package and healthcare logistics to comprehensive supply chain solutions.

This acquisition is not a sudden move but a calculated progression from a commercial agreement previously established between UPS and Estafeta in 2020. It builds on Estafeta’s impressive 45-year logistics track record. As a company that shares UPS’s commitment to service excellence, people investment and community engagement, Estafeta is thrilled to join forces with UPS.

Estafeta CEO, Jens P. Grimm, remarks on the merger: “It’s an honor to merge our expertise with a company that shares our values. This announcement is a huge nod to our dedicated team and our supportive customer base, vendors, and suppliers across Mexico. The time has come to fast-track our growth, and with UPS, we will be better positioned to unveil global opportunities to our customers and boost Mexico’s expanding economy’s global linkages.”

The completion of the acquisition is planned for the end of 2024, subject to standard closing conditions and regulatory approvals. Further discussions regarding the transaction will occur during the UPS’s second quarter investor conference call at 8:30am ET on July 23, 2024.

This merger marks an exciting new chapter in UPS’s history, as the company continues to expand its global reach and innovate within the logistics industry. With Estafeta joining the UPS family, businesses in Mexico can expect even greater access and opportunities in the global market. This move showcases UPS’s commitment to delivering superior services and creating a more connected world through strategic partnerships and investments. Stay tuned for more updates on this groundbreaking acquisition and its positive impact on Mexican businesses. Overall, this merger between two industry leaders is a game-changing opportunity for growth and success in international logistics. So, stay tuned for more updates on this exciting development!

With both companies committed to exceptional service and community engagement, this partnership promises to bring innovative solutions and unparalleled efficiency to businesses in Mexico and beyond. As the global economy continues to evolve, this merger positions UPS as a powerhouse in international logistics, connecting businesses and individuals all over the world. From small package delivery to comprehensive supply chain solutions, UPS is constantly striving to improve and expand its services for the benefit of its customers. This acquisition is just one example of how UPS is continuously innovating and evolving to meet the changing needs of the global market. So get ready for an exciting new era of growth and success with UPS and Estafeta together!

In conclusion, this merger between UPS and Estafeta is a strategic move that will undoubtedly benefit businesses across Mexico and the global market. With its strong values and commitment to excellence, UPS is set to continue leading the way in international logistics and driving growth and prosperity for all parties involved. Keep an eye out for more updates as this exciting partnership unfolds and unlocks new possibilities for businesses worldwide.

As we enter a new era of global trade and increasing connectivity, this merger between UPS and Estafeta is positioned to have a significant impact on not just businesses in Mexico, but also on the overall economy. The combination of UPS’s expansive reach and expertise with Estafeta’s deep understanding of the Mexican market will create a powerful force in the world of logistics.

Furthermore, this acquisition is a testament to both companies’ commitment to sustainability and responsible business practices. As the world becomes more environmentally conscious, UPS is taking steps to reduce its carbon footprint and promote sustainable solutions. This merger will allow for even greater innovation in this area, benefiting both businesses and the environment.

In summary, the future looks bright with UPS and Estafeta coming together. With their shared values, expertise, and global reach, they are well-positioned to create new opportunities for businesses and drive the growth of international trade. From small-medium businesses to large corporations, this partnership offers a wide range of solutions that cater to the diverse needs of today’s market. Get ready for an exciting new chapter in international logistics as UPS and Estafeta join forces!