UPS to acquire to Costa Rica-based companies
September 05, 2013
Transportation and logistics bellwether UPS said this week it plans to purchase the assets and operations of Costa Rica-based companies Union Pak de Costa Rica S.A., a small package delivery company, and SEISA Brokerage, a freight brokerage services provider.
Terms of these deals were not disclosed. UPS said it expects to complete the transactions during the fourth quarter.
UPS said it has had long-standing relationships with each company as Authorizes Service Contractors. A UPS spokesperson told LM that Union Pak de Costa has operated as a small package ASC since 1994 and SEISA has for “many” years.
Union Pak de Costa Rica has 100 employees, 8 locations and SEISA Brokerage has 60 employees. Union Pak’s service focus is on various industries, focusing on high-tech and medical device manufacturers, and SEISA Brokerage provides same day customs clearance and delivery of package shipments within the Costa Rican Free Trade Zone, which UPS said eases cross border trade for customers.
“UPS has enjoyed successful long-term relationships with these companies, with both offering exemplary service to customers,” the spokesperson said. “The management has deep regional knowledge and expertise and like UPS, these companies have high operating standards and a focus on service excellence, making them a good fit for the UPS network. The additions will enable UPS to better connect Costa Rica’s expanding economy to regional and world markets through the UPS network. UPS is 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. Customers will have greater access to multi-modal services including ocean and air freight to improve cross boarder shipments, boosting export trade lanes within Latin America and to the U.S.”
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