FedEx Corp. (FDX) has agreed to buy logistics provider Genco,
which has revenue of about $1.6 billion.
Genco, with more than 130 warehouse locations, has customers in
technology, consumer, industrial, retail and health-care markets.
Its services include contract packaging, warehousing,
transportation services and inventory liquidation.
The sale price wasn't disclosed.
FedEx, with revenue of $45.6 billion for the year that ended in
May, said the deal will expand its services in retail and
e-commerce markets.
Write to Josh Beckerman at josh.beckerman@wsj.com
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