UPS to Acquire Estafeta, Providing Powerful Global Logistics Solutions and Trade Opportunities for Customers in Mexico and Beyond
Summary
This acquisition is a key part of UPSs Better and Bolder strategy, aimed at becoming the worlds premium international small package and logistics provider. “As the shift to nearshoring continues, our combined business will give customers in Mexico unprecedented access to global markets with seamless service and greater efficiency.” The acquisition is an evolution of a commercial agreement established between the two companies in 2020. “Today’s announcement is a testament to the hard work and dedication of our people and the trust of all our customers, vendors and suppliers across Mexico. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. Estafeta is a Mexican, privately owned, socially responsible provider of integrated logistics solutions, operating an extensive domestic network to meet the supply chain needs of companies of all sizes.