FedEx Corp. on Tuesday, July 26, announced that its FedEx Express business unit has completed the acquisition of Servicios Nacionales Mupa, S.A. de C.V. (MultiPack), which strengthens the FedEx network in Mexico to meet customer demand. FedEx says the transaction, terms of which were not disclosed, will allow it to provide a wider range of domestic and international transportation and logistics solutions in Mexico.
FedEx says the transaction also 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.
“The acquisition of MultiPack further solidifies our long-term presence in the market,” says Michael Ducker, chief operating officer of FedEx Express. “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.”
FedEx on Tuesday started incorporating MultiPack’s existing operations and infrastructure into its network; full integration will be achieved in phases. MultiPack’s existing operations include its pickup-and-delivery network, warehousing and logistics services, 48 distribution centers, 13 warehouses and more than 500 retail outlets, all of which will be consolidated into the FedEx business. The FedEx work force in Mexico now accounts for more than 5,000 employees across the country.
FedEx aims to achieve a seamless transition for employees and customers in Mexico. FedEx says that as integration progresses, customers in Mexico will have direct access to a portfolio of domestic and international transportation and logistics solutions under its 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.
“The integration of these companies will allow FedEx to offer a very robust portfolio of transportation and logistics services, and that will translate into direct benefits to our customers” says Juan Cento, president of FedEx Express Latin America and Caribbean. “By acquiring MultiPack, FedEx upholds its core values of keeping customers at the heart of all it does and providing an outstanding customer experience through our most valued asset – our people.”