UPS to Buy Polish Parcel Company

Share this article:
United Parcel Service Inc. said yesterday that it agreed to acquire Messenger Service Stolica S.A., a parcel and express delivery company in Poland.


Terms were not disclosed. UPS, Atlanta, expects to complete the transaction early in the second quarter of 2005, subject to customary closing conditions.


Stolica, Warsaw, offers customers a full suite of domestic delivery services through a nationwide network. The company has operated in Poland since 1993. Company sales in 2004 totaled almost $64 million.


UPS has offered service in Poland since 1992. In 2004, the year the country joined the European Union, UPS enjoyed a nearly 35 percent gain in export volume growth from Poland versus the prior year.


Melissa Campanelli covers postal news, CRM and database marketing for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


Share this article:
close

Next Article in News

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

NBA Names Insurance Exec as its CMO

NBA Names Insurance Exec as its CMO

Nationwide and State Farm veteran Pamela El takes the league's marketing helm next month.

Bloomberg Names Bigley CMO

Bloomberg Names Bigley CMO

Communications chief Deirdre Bigley is appointed head of global marketing for the business and financial news company.

2014 Essential Guide to Omnichannel Marketing

2014 Essential Guide to Omnichannel Marketing

The 2014 Essential Guide to Omnichannel Marketing‚ÄĒeverything you need to know about Omnichannel, all in one spot. Read on for insight.