UPS To Acquire Estafeta; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
UPS has announced its acquisition of Estafeta, a move aimed at capitalizing on the manufacturing boom in Mexico, global supply chain shifts, and North American trade growth. The terms of the deal were not disclosed.
July 22, 2024 | 8:12 pm
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UPS is acquiring Estafeta to take advantage of the manufacturing boom in Mexico, global supply chain shifts, and North American trade growth. The terms of the deal were not disclosed.
The acquisition of Estafeta by UPS is a strategic move to enhance its presence in the growing Mexican market and to benefit from the shifts in global supply chains and increased North American trade. This is likely to positively impact UPS's stock in the short term as it positions the company for growth in a key region.
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