UPS To Acquire Mail Boxes Etc.

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The United Parcel Service of America, Atlanta, said Friday that it has agreed to purchase Mail Boxes Etc., San Diego, a franchiser of independently-owned shipping centers worldwide.

Mail Boxes Etc. is a subsidiary of US Office Products.

The transaction will allow UPS and MBE to develop new opportunities in areas such as small business services, e-commerce and financial services. It also strengthens the physical link UPS has to a growing segment of retail customers, such as Internet consumers, SOHO (small office/home office) owners and an increasingly mobile, technology-connected society. The transaction is structured as an acquisition of the assets of MBE. The parties expect to close as soon as practicable.


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