Swift acquires full ownership of Mexican trucking firm

| 1/15/2004

Phoenix-based trucking firm Swift Transportation Co. Inc. has completed its acquisition of Trans-Mex Inc. S.A. de C.V. Swift now owns 100 percent of the international truckload carrier, which operates in Mexico, according to The Business Journal of Phoenix.

The purchase price for an additional 51 percent interest was $31 million, consisting of $11 million in cash and 942,155 shares of Swift common stock.

Through the acquisition, Swift becomes the only U.S. trucking company with a 100 percent ownership interest in a Mexican carrier, according to company officials.

Swift is the holding company for Swift Transportation Co. Inc., a truckload carrier.