Core Insights - Logistec Corp. has agreed to acquire 100% of IPA Terminal, marking its first entry into the Latin American market [1][2] - The acquisition aims to enhance Logistec's position as a global multi-purpose marine terminal operator and expand its reach beyond North America [1][2] Company Expansion - CEO Sean Pierce emphasized that this acquisition is a significant step for Logistec towards accelerated international growth, particularly in the dynamic Mexican market [2] - The acquisition of IPA Terminal will connect Logistec's network to key industries and create new global opportunities for customers and partners [2] IPA Terminal Overview - IPA Terminal is a crucial hub in the Gulf of Mexico, specializing in breakbulk and steel commodities, serving major industrial customers with modern infrastructure and deepwater access [3] - The terminal is located at the Port of Altamira, which is about 56 miles from the U.S.-Mexico border [3] Port of Altamira Statistics - The Port of Altamira handled 18.5 million tons of cargo in 2025, according to Mexico's federal port administration [4] - The port is a leading facility for vehicle exports and imports, managing over 300,000 units annually [4] Logistec's Current Operations - Logistec operates a network of 63 ports and 86 terminals across North America, providing various cargo handling and logistics services [5]