Logistec Corp., a prominent marine and logistics provider based in Montréal, has announced its intention to acquire 100% of IPA Terminal, a breakbulk and steel handling facility at Mexico's Port of Altamira. This strategic move is expected to position Logistec as a leading global multi-purpose marine terminal operator, expanding its presence beyond its established North American footprint. By acquiring IPA Terminal, Logistec aims to establish itself as a major player in the Latin American market, capitalizing on growing demand for logistics services and value-added cargo solutions. The acquisition is also seen as an opportunity for Logistec to tap into new markets, connect with key industries, and deliver enhanced services to its customers and partners.
The Port of Altamira, located on Mexico's coast in the Gulf of Campeche, has emerged as a pivotal hub in the region, specializing in breakbulk and steel commodities. The facility serves major industrial customers and regional supply chains, boasting modern infrastructure, deepwater access, and a skilled workforce. With its strategic location, approximately 56 miles from the U.S.-Mexico border, the port has become an essential gateway for vehicle exports and imports, handling over 300,000 units annually.
The acquisition of IPA Terminal is expected to accelerate Logistec's international growth, positioning the company as a major player in the Latin American market. This move also underscores the growing importance of Mexico as a key trade hub, with the country's federal port administration reporting 18.5 million tons of cargo in 2025. The Port of Altamira has demonstrated its capacity to handle diverse cargo types, including containerized cargo, liquid/dry bulk, petrochemical fluids, and liquified natural gas.
The acquisition is subject to regulatory approval by Mexican authorities, with terms of the transaction remaining undisclosed. Logistec's CEO, Sean Pierce, described the expansion as a 'defining moment' for the company, highlighting its potential to deliver value-added cargo solutions and open new global opportunities for customers and partners.
Logistec currently operates across a North American network of 63 ports and 86 terminals, providing bulk, breakbulk, and container cargo handling, as well as logistics services including trucking and warehousing. The company's established presence in the region has enabled it to establish strong relationships with major industrial customers and regional supply chains.
The acquisition of IPA Terminal is expected to have a positive impact on Logistec's operations, enabling the company to expand its reach into new markets and deliver enhanced services to its customers. As the global logistics landscape continues to evolve, companies like Logistec are well-positioned to capitalize on growing demand for value-added cargo solutions.
The acquisition marks a significant milestone in Logistec's history, as it enters the Latin American market with a strategic acquisition. The company's commitment to expanding its operations and delivering enhanced services to customers is expected to drive growth and success in the region.
Logistec's expansion into the Latin American market is also seen as an opportunity for the company to tap into new markets, connect with key industries, and establish itself as a major player in the region. The acquisition of IPA Terminal is expected to position Logistec for accelerated international growth, delivering value-added cargo solutions and opening new global opportunities for customers and partners.
The acquisition of IPA Terminal is a testament to Logistec's commitment to its customers and partners, as well as its ability to adapt to changing market conditions. The company's strategic move into the Latin American market is expected to drive growth and success in the region, solidifying its position as a leading global logistics provider.
The acquisition marks a significant milestone for Logistec as it enters the Latin American market, poised to capitalize on growing demand for global logistics services.
