New Owners At The Helm Of The UPS Store Canadian Network

istockAnalyst.com:

MBEC Communications Inc. (MBEC), the privately held Canadian company that owns The UPS Store and Mail Boxes Etc. master license in Canada, today announced new owners of the company. David Druker, who has been a centre owner and area franchisee in Quebec since 2005, and Larry Plotnick, a seasoned business executive, have acquired the company effective today. This comes as Ralph Askar announces his move into semi-retirement and away from his current role as president and chief executive officer and major shareholder of The UPS Store and Mail Boxes Etc. franchise network in Canada.

“This is all very much part of MBEC’s overall succession plan, in addition to our desire and commitment to grow The UPS Store brand, and network, in Canada. We intend to build on the solid foundation that has been put in place under the astute leadership of Mr. Askar,” explains Plotnick, the new executive chairman of MBEC Communications Inc.

“Over the past 10 years,” notes Plotnick, “The UPS Store and Mail Boxes Etc. network has doubled its footprint in Canada, growing to over 330 franchises and truly becoming the leader of our industry. Over the coming decade we are committed to continuing our growth. We believe very strongly in the company and the role The UPS Store brand plays within the small-business market.”