FedEx Corp.  on Thursday signed an agreement to acquire Mexican express-package-delivery company MultiPack, allowing the FedEx Express business unit to enhance its capabilities in the Mexican domestic-delivery market.

FedEx did not provide further details on the deal, but expects to close the acquisition during the second quarter of 2011, subject to regulatory approvals and customary conditions.

MultiPack offers package delivery, transportation, warehousing and logistics services with an established pickup and delivery network across all 31 Mexican states and the Federal District. The company operates 48 distribution centers, 13 warehouses and more than 500 retail outlets across the country.

“Our two companies represent a strategic fit with a common commitment to enhance the service we can offer Mexican businesses, invest in our people, and positively impact our communities as good corporate citizens,” said Roby G. Brown, vice president of FedEx Express, Mexico, Central America and Andean Region.

J.P. Morgan Securities is acting as financial adviser to FedEx, while Credit Suisse Securities (USA) is acting as exclusive financial adviser to MultiPack.