Canadian firm to acquire breakbulk, steel terminal at Mexico’s Port of Altamira

Logistec Corp., a Montréal-based marine and logistics provider, has entered into an statement to get 100% of IPA Terminal, a breakbulk and alloy handling installation astatine the Port of Altamira, marking the company’s archetypal determination into Latin America.

The transaction, announced Tuesday, aims to presumption Logistec arsenic a broader planetary multi-purpose marine terminal relation and expands its beingness beyond its established North American footprint, institution officials said.

“This enlargement is simply a defining infinitesimal for Logistec, arsenic we presumption our enactment for accelerated planetary growth,” CEO Sean Pierce, said successful a quality release.

“Mexico is simply a dynamic market, and by acquiring IPA, we are extending our reach, connecting our web to cardinal industries, delivering value-added cargo solutions and opening caller planetary opportunities for our customers and partners.”

Terms of the transaction were not disclosed. Completion of the transaction is taxable to regulatory support by Mexican authorities.

IPA Terminal — which includes IPA, ATEMSA, SMA and STEEL — is described arsenic a pivotal hub successful the Gulf of Mexico specializing successful breakbulk and alloy commodities. The installation serves large concern customers and determination proviso chains with modern infrastructure, deepwater entree and a skilled workforce.

The Port of Altamira is an concern larboard installation located connected Mexico’s seashore connected the northwest broadside of the Gulf of Campeche. It is located successful Altamira, Tamaulipas, astir 56 miles from the U.S.-Mexico border.

The larboard saw 18.5 cardinal tons of cargo successful 2025, according to Mexico’s national larboard administration. Altamira handles everything from containerized cargo, liquid/dry bulk, petrochemical fluids, liquified earthy state and specialized oversized task cargo. It is simply a starring larboard for conveyance exports and imports (over 300,000 units annually).

Logistec presently operates crossed a North American web of 63 ports and 86 terminals, providing bulk, breakbulk and instrumentality cargo handling, arsenic good arsenic logistics services including trucking and warehousing.

The station Canadian steadfast to get breakbulk, alloy terminal astatine Mexico’s Port of Altamira appeared archetypal connected FreightWaves.