UPS Capital acquires jewelry logistics firm

UPS Capital announced it is acquiring Parcel Pro, a logistics company for jewelry, wristwatch and collectibles industries.

UPS Capital is the supply chain insurance and financing subsidiary of Sandy Springs-based shipping firm UPS. The company said with the acquisition of Parcel Pro, it will offer shipping insurance of up to $100,000 to $150,000 for luxury items. That allows companies to ship more items per package, cutting costs and making the logistics easier, according to UPS.

While many jewelers and watch retailers coordinate their own shipping, insurance and logistics, UPS Capital said the Parcel Pro deal allows it to offer them all of those services together.