Mexico invests, puts its mark on more U.S. brands

MEXICO CITY — A new kind of Mexican immigrant is making it big in the USA: huge Mexican corporations that are snapping up U.S. brand names, opening U.S. factories and investing millions of pesos north of the border.
From Thomas' English Muffins to Borden milk, Saks Fifth Avenue department stores to The New York Times newspaper, Mexican investors have taken advantage of low interest rates and depressed prices during the economic downturn to expand their holdings in el norte.

"These companies show we're not just a bunch of uneducated migrants," says Jorge Smeke, a business professor at Iberoamerican University in Mexico City. "Clearly there are Mexican investments (in the USA) that are creating jobs."