(UPS) UPS-Merck Expand Deal

United Parcel Services (UPS), the world’s largest package delivery company, inked a new deal with healthcare giant  Merck & Co. Inc. (MRK) to expand its distribution and logistics services. The companies did not reveal financial terms of the deal. UPS initially began this alliance in 2003 to transport Merck’s products in the U.S. In 2009, the deal was extended to distribution, storage and transportation of medicines and vaccines in North America. The new contract expands the distribution reach further to certain Asian and Latin American markets as well as emerging markets like China and Brazil. As a part of the expansion, UPS is constructing a new distribution center in China and Brazil to market Merck products. The company has profound logistics expertise to deliver Merck’s products to several small, mid-sized