"PostNet is a respected brand in the industry with a strong U.S. and international presence”
MBE Worldwide, one of the largest third-party logistics, printing and communication service retail networks in the world with 1,600 locations globally, purchased PostNet International Franchise Corporation (“PostNet”), a leading design, printing and shipping franchise with 660 locations in 9 countries.
Both franchise companies currently operate in the business services industry, offering premium shipping, logistics, printing, graphic design and postal services. The acquisition of PostNet gives Mail Boxes Etc. a strong presence in the U.S., South Africa and several other countries where the PostNet brand is well established and will continue to grow. Combined, the two companies will have an extensive reach of nearly 2,300 locations in 33 countries.
Brian Spindel will continue to serve as President and COO of PostNet, reporting to Paolo Fiorelli, Chairman and CEO of MBE Worldwide. Steve Greenbaum, Founder and former Chairman and CEO of PostNet, will serve as a consultant to MBE Worldwide on strategic matters.
PostNet’s Headquarters and the existing team will remain in Lakewood, Colorado. The two companies will maintain their individual names and concepts.
“The MBE Worldwide team was attracted to PostNet because of its entrepreneur-driven, franchisee-focused and people-centric business model, which mirrors our business and culture. Also, PostNet is a respected brand in the industry with a strong U.S. and international presence,” said Paolo Fiorelli. “We are excited to welcome PostNet to the MBE Worldwide family and to work together to provide real-value solutions to businesses and consumers across the globe.”.
“This move marks the beginning of a new chapter at PostNet,” said Brian Spindel, Co-Founder, President and COO of PostNet. “Our acquisition by MBE Worldwide results in a new partnership with many opportunities to work closely with similarly-experienced colleagues to identify ways to accelerate growth and increase unit-level economics. Being part of a new global family furthers our mission to support entrepreneurs and small businesses everywhere.”.