Huge Mexican corporations are snapping up U.S. brand names, opening U.S. factories and investing millions north of the border.
Everything from Thomas' English Muffins to Borden milk, even Saks Fifth Avenue department stores. Mexican investors are taking advantage of low interest rates and depressed prices during the economic downturn to expand their holdings in the North. Mexican companies have taken over some U.S. brands, while others have expanded their U.S. operations or increased their investments in U.S. firms.
The idea is that it improves growth and competitiveness back home in Mexico and is good for both countries. They are not just selling to Latinos these days.
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