ShipMonk Acquires El Mar Mexico (321 Fulfillment) to Launch Mexico 3PL Operations
October 21, 2021
ShipMonk acquired El Mar Mexico (321 Fulfillment of Mexico) and opened its first warehouse facility outside the U.S. in Tecate, Mexico. The acquisition enables ShipMonk to offer cross‑border 3PL fulfillment that leverages CBP Section 321 to reduce duties and import costs for e‑commerce customers while expanding the company's international footprint.
- Buyers
- ShipMonk
- Targets
- El Mar Mexico (321 Fulfillment of Mexico)
- Industry
- Logistics & Distribution
- Location
- Baja California, Mexico
- Transaction Type
- Buyout
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