UPS To Buy Two Costa Rican Companies

(RTTNews) - United Parcel Service, Inc. (UPS) said Wednesday that 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.

The additions will allow UPS to better connect Costa Rica's expanding economy to regional and world markets through the UPS network.

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 expects to complete the deals in the fourth quarter of 2013. Terms of the deal were not disclosed.