Logistec Corp., a prominent marine and logistics provider based in Montréal, has strategically acquired IPA Terminal, a key facility for handling breakbulk and steel at Mexico's Port of Altamira. This significant transaction, announced on Tuesday, marks the company's inaugural venture into Latin America, positioning Logistec to solidify its global standing as a versatile marine terminal operator. Officials highlight that this expansion extends beyond their established North American operations, aiming to leverage Mexico's vibrant industrial and steel trade. The move is designed to integrate this new hub into Logistec's existing network, enhancing its service capabilities and fostering new international opportunities for clients and collaborators.
The acquired IPA Terminal, which encompasses IPA, ATEMSA, SMA, and STEEL, is recognized as a critical nexus within the Gulf of Mexico, specializing in the management of breakbulk and steel commodities. This facility plays a crucial role in serving major industrial clients and regional supply chains, thanks to its modern infrastructure, deepwater access, and skilled workforce. The Port of Altamira itself is a significant industrial gateway on Mexico’s Gulf Coast, near Altamira, Tamaulipas, and approximately 56 miles from the U.S.-Mexico border. In 2025, the port processed 18.5 million tons of cargo, handling diverse goods including containerized cargo, bulk materials, petrochemicals, liquefied natural gas, and specialized project cargo. Notably, it stands as a leading port for vehicle exports and imports, managing over 300,000 units annually.
This acquisition is a landmark event for Logistec, propelling its vision for accelerated international growth. By incorporating IPA Terminal, the company not only expands its geographical reach but also strengthens its connections to vital industries, offering enhanced cargo solutions and unlocking new global prospects for its stakeholders. With operations now spanning 63 ports and 86 terminals across North America and into Mexico, Logistec continues to broaden its comprehensive logistics services, including bulk, breakbulk, and container cargo handling, alongside trucking and warehousing. The terms of this transformative transaction remain confidential, pending regulatory approvals from Mexican authorities.
This strategic expansion by Logistec into the Mexican market demonstrates forward-thinking leadership and a commitment to global connectivity. By integrating new capabilities and leveraging strategic geographic locations, companies can unlock substantial growth and create lasting value, contributing positively to international trade and economic development. This initiative embodies the spirit of progress and the pursuit of excellence in a dynamic global economy.