Kuehne + Nagel extends Mexican Border Brokerage Network

Effective June 1, 2007, Kuehne + Nagel has acquired Romero and McNally Brokers to increase its brokerage network to four facilities along the US-Mexican border.

“For Kuehne + Nagel in the U.S.A., the customs clearance business has become a mature, vital, and growing core product that we support with more than 200 professionals, and a state-of-the-art processing system”, remarked Rolf Altorfer, President and CEO for the U.S., Mexico and Central America Kuehne + Nagel organization.

The acquisition of Romero and McNally in Otay Mesa, California, enables Kuehne + Nagel to increase its border clearance capabilities by adding cargo crossings between Tijuana and Otay Mesa (San Diego) to its existing network in Laredo, El Paso, and McAllen in Texas. Established in 1971 and with an experienced staff of 23, Romero and McNally offers full border clearance services to importers and exporters at the Mexican border whether shipments are under a “Maquila” program and/or NAFTA provision, or merely general importations. The office is conveniently located alongside a 30,000 sqft (2,800 sqm) cross-dock facility adjacent to the Mexican border.

Ms. Carla Ramos, General Manager of Romero and McNally, will continue to be responsible for the newest branch office of the Kuehne + Nagel U.S. organization. The branch will operate under the name “Romero and McNally, Division of Kuehne + Nagel Inc”.

Both parties agreed not to disclose the purchase price.