UPS Buys Costa Rican Brokerage and Delivery Companies
UPS will buy assets and operations of two Costa Rican companies, Union Pak de Costa Rica and SEISA brokerage, an acquisition that will help “better connect Costa Rica’s expanding economy to regional and world markets” through the UPS market. UPS said they will now be “better positioned” to provide Costa Rican shippers with “one source for small package, freight forwarding, brokerage, and contract logistics, with a stronger link to UPS’s global transportation network.” The additions will also provide access to multi-modal services, which will improve shipping capabilities across borders and boost export trade lanes from Latin America to the U.S. UPS said they expect to complete the transactions in the fourth quarter of 2013.
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President of the UPS Americas region Romaine Seguin said that UPS has already had a “successful relationship” with both companies as Authorized Service Contractors. “With the ownership of these operations in Costa Rica, UPS can provide customers with the full suite of logistics services and global trade expertise,” Seguin said. “UPS continually invests in its global network and these additions illustrate the company’s increasing commitment to serving the needs of customers in Costa Rica, and throughout Latin America.”