Scarborough Global acquires Mexican customs broker to lay out cross-border logistics ahead of time

Recently, according to FW reports, Scarbrough Global, a well-known American logistics service provider, announced the acquisition of Parker & Co. located on the US-Mexico border. Customs broker. The acquisition not only marks a further expansion for Scarbrough Global in cross-border logistics, but also offers a more comprehensive range of services to its customers.

Parker & Co. Brief introduction

Parker & Co. Founded in 1985, Headquarters is located in Texas and employs 60 people. The company has more than 262,000 square feet of warehouses in Laredo, Farr and McAllen, Texas, USA, mainly providing freight forwarding, warehousing and customs declaration services. Parker & Co. It has four licensed customs brokers under its command and has obtained C-TPAT (Customs Commerce Coalition against Terrorism) certification. Its customers include Panasonic, fragrance manufacturer McCormick and Co., medical device manufacturer Invacare Corp., electronics manufacturer Alps, and tile manufacturer Daltile, among other large players.

Acquisition Details

The acquisition agreement covers Parker & Co. Operations in locations such as Laredo, Farr, McAllen and Brownsville. Scarbrough Global will continue to use Parker & Co. Existing space to complement its services in its Laredo office and to utilize Parker & Co. Of tractor trailers and short truck resources. Although the specific terms of the transaction have not been disclosed, it is foreseeable that this acquisition will significantly enhance Scarbrough Global's business capabilities on the U.S.-Mexico border.

Profile of Scarbrough Global

Scarbrough Global is a 40-year-old American logistics provider founded in 1984. The company mainly provides third-party logistics, freight forwarding, customs declaration, domestic transportation and supply chain consulting services. In addition to multiple offices in the United States, Scarbrough Global also has branches in many places around the world, such as Chicago, Toronto, Shanghai, China and Monterrey, Mexico.

Explanation of foreign trade terms

• C-TPAT: The full name is Customs-Trade Partnership Against Terrorism, that is, Customs Trade Coalition Against Terrorism. This is a voluntary program sponsored by U.S. Customs and Border Protection to prevent terrorist activities by strengthening supply chain security measures. Businesses participating in the program are required to meet a range of safety standards and are subject to regular audits.
• Customs broker: refers to an enterprise or institution specializing in customs declaration of import and export goods. Customs brokers usually handle customs-related formalities on behalf of the owner or carrier, ensuring smooth customs clearance of the goods. Licensed customs declarants are professionals who have undergone professional training and obtained relevant qualifications. They are familiar with the customs regulations and operating procedures of various countries and can complete customs declaration work efficiently.

Transaction significance

Regarding the acquisition, the CEO of Scarbrough Global said that the transaction will expand the company's business on the U.S.-Mexico border and increase the company's cross-border service offerings. We are always looking for ways to expand and improve our services in order to provide more value to our customers, "he said in an interview . Parker & Co. not only allows us to expand our reach, but also our range of services, and we are pleased to offer additional services such as customs declaration in Mexico to our customer base. "

This acquisition not only strengthens Scarbrough Global's market position on the U.S.-Mexico border, but also provides customers with more convenient and efficient cross-border logistics solutions. With the change of global trade environment, this strategic layout is particularly important, which helps enterprises to maintain their leading position in the highly competitive market.