The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

UPS to Purchase Two Costa Rican Companies; Boosts Customer Access to Global Markets

Wednesday, September 04, 2013

UPS to Purchase Two Costa Rican Companies; Boosts Customer Access to Global Markets

12:30 EDT Wednesday, September 04, 2013

ATLANTA & SAN JOSE, Costa Rica (Business Wire) -- UPS (NYSE: UPS) today announced it will purchase assets and operations of two Costa Rican based companies: small package delivery company Union Pak de Costa Rica, S.A.; and brokerage company SEISA Brokerage. Both companies have long-standing relationships with UPS as Authorized Service Contractors (ASC).

The additions will allow UPS to better connect Costa Rica's expanding economy to regional and world markets through the UPS network. For Costa Rican shippers, UPS will be better positioned to provide customers one source for small package, freight forwarding, brokerage, and contract logistics, with a stronger link to UPS's global transportation network. Access to multi-modal services including ocean and air freight will improve customers' ability to ship across borders, boosting export trade lanes within Latin America and to the U.S.

Union Pak de Costa Rica serves various industries with an emphasis on high-tech and medical device manufacturers. SEISA Brokerage provides same day customs clearance and delivery of package shipments within the Costa Rican Free Trade Zone, which eases cross border trade for customers.

“UPS has enjoyed a successful relationship with these two companies,” said Romaine Seguin, president, UPS Americas region. “With the ownership of these operations in Costa Rica, UPS can provide customers the full suite of logistics services and global trade expertise. 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.”

UPS has enjoyed solid growth in Costa Rica since it established its presence in 1990. With trade agreements in place with Canada, China, Mexico and the U.S., Costa Rica's annual import and export growth is forecast to grow an annual average of seven percent over the next five years, according to the International Monetary Fund. In addition to its small package ASC, UPS provides services in Costa Rica through UPS Air Cargo, and UPS Supply Chain Solutions.

UPS expects to complete the transactions in the fourth quarter of 2013 subject to customary closing conditions. Terms of the deal are not disclosed.

UPS continually invests in its global network to serve the growing and evolving needs of its customers around the world. This addition is the latest in a series of investments such as the recent purchases of Hungary-based pharmaceutical logistics company CEMELOG and VN Post Express in Vietnam. In China, UPS recently announced the addition of two new contract logistics distribution facilities in Chengdu and Shanghai, bringing the total to more than 130 contract logistics facilities.

UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight, the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at www.UPS.com and its corporate blog can be found at www.blog.ups.com. To get UPS news direct, visit www.pressroom.ups.com.

UPS Americas, Public Relations
Rodrigo Garcia-Nieto, 305-869-8119
rgarcianieto@ups.com
or
UPS Corporate Public Relations
Laurie Mallis, 404-828-7183
lmallis@ups.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections