PriceSmart Acquires Aeropost Delivery Service

PriceSmart, a warehouse club retailer that operates stores in Central America, the Caribbean and Colombia, has acquired Aeropost, an end-to-end cross-border package delivery service and online retailer.

Aeropost is one of the largest cross-border logistics and e-commerce providers in Latin America and the Caribbean, according to PriceSmart. It currently provides services to 38 countries and territories, including 11 where PriceSmart operates. Aeropost offers local pickup points and a local payments platform that allows buyers elsewhere to make online purchases of merchandise sourced in the U.S.

The technology behind Aeropost.com will permit PriceSmart to offer new web-based shopping options to its members, strengthening its commitment to provide a member experience with quality merchandise at low prices.

PriceSmart noted that it would operate Aeropost from its Miami headquarters as a wholly owned subsidiary.

“We are very excited to welcome the talented team at Aeropost to the PriceSmart family,” said Jose Luis Laparte, PriceSmart’s president and CEO. “Expanding on the strength of our brick and mortar clubs, the acquisition of Aeropost provides an opportunity to accelerate the development of an omnichannel shopping experience for our members.”