FedEx Corp., Memphis, TN, announced yesterday that it has completed the $2.4 billion acquisition of Kinko's Inc. from Clayton, Dubilier & Rice Inc., which previously owned the majority of Kinko's outstanding shares.
Kinko's becomes the fourth core FedEx company, along with FedEx Express, FedEx Ground and FedEx Freight. The Kinko's management team is expected to remain in place, and company headquarters will stay in Dallas.
