XPEL Acquires Assets of Australian-Based Distributor
October 03 2022 - 7:30AM
Business Wire
XPEL, Inc. (Nasdaq: XPEL) (the “Company”), a global provider of
protective films and coatings, today announced the acquisition of
the paint protection film business of Car Care Products Australia,
a distributor of automotive protective films serving Australia. Car
Care Products Australia will remain in business selling its
non-paint protection film products.
Mat Moreau, Senior Vice President, Sales and Product of XPEL,
stated, “Australia is a great market for us and one we think we can
develop greatly. We’re excited to begin serving our customers in
Australia directly and to increase our investment in the market for
their benefit.”
The Company expects to add training, marketing and other local
operational support in the coming months.
About XPEL, Inc.
XPEL is a leading provider of protective films and coatings,
including automotive paint protection film, surface protection
film, automotive and commercial/residential window films, and
ceramic coatings. With a global footprint, a network of trained
installers and proprietary DAP software, XPEL is dedicated to
exceeding customer expectations by providing high-quality products,
leading customer service, expert technical support and world-class
training. XPEL, Inc. is publicly traded on Nasdaq under the symbol
“XPEL”.
Safe harbor statement
This release includes forward-looking statements regarding XPEL,
Inc. and its business, which may include, but is not limited to,
anticipated use of proceeds from capital transactions, expansion
into new markets, and execution of the company's growth strategy.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans," "is expected," "expects,"
"scheduled," "intends," "contemplates," "anticipates," "believes,"
"proposes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
"may," "could," "would," "might" or "will" be taken, occur or be
achieved. Such statements are based on the current expectations of
the management of XPEL. The forward-looking events and
circumstances discussed in this release may not occur by certain
specified dates or at all and could differ materially as a result
of known and unknown risk factors and uncertainties affecting the
company, performance and acceptance of the company's products,
economic factors, competition, the equity markets generally and
many other factors beyond the control of XPEL. Although XPEL has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. No forward-looking statement
can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which
they are made and XPEL undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20221003005311/en/
Investor Relations: John Nesbett/Jennifer Belodeau IMS Investor
Relations Phone: (203) 972-9200 Email:
jnesbett@institutionalms.com
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