UPS Capital, the UPS subsidiary that purchased jewellery shipper Parcel Pro last month, has just acquired G4S Insured Parcel Services (IPS), another delivery business that caters to the jewellery industry. Through this merger, IPS customers will gain access to Parcel Pro’s higher insured value limits, expanded international coverage and superior technology.
“G4Si IPS and Parcel Pro are both players in the secure transportation of luxury, high-value jewellery, which is an industry segment that UPS Capital and UPS are dedicated to serving,” says Ronald Chang, president of UPS Capital. “This acquisition complements and strengthens our commitment to provide high-value parcel shippers with increased supply chain risk mitigation capabilities and enhanced services across the globe.” CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
