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.
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.