Brief: Xpel Acquires Montreal, Canada Paint Protection Film Installer Protex Centre

XPEL

30/01/2020 13:40

Jan 30 (Reuters) - Xpel Inc  XPEL.O :
    * XPEL ACQUIRES MONTREAL, CANADA PAINT PROTECTION FILM
INSTALLER
PROTEX CENTRE
    * XPEL INC - ANTICIPATE THAT ACQUISITION WILL BE IMMEDIATELY
ACCRETIVE TO 2020 RESULTS OF OPERATIONS
    * XPEL- ACQUISITION IS EXPECTED TO ADD OVER C$2.5 MILLION IN
INCREMENTAL REVENUE,EXCLUDING ABOUT CAD$1.0 MILLION IN ANNUAL
PURCHASES BY PROTEX CENTRE FROM XPEL
    * XPEL INC - DEAL PURCHASE PRICE WAS ABOUT CAD$3.25 MILLION
    * XPEL INC - ACQUISITION FUNDED FROM CASH ON HAND AND
THROUGH
ISSUANCE OF UNSECURED PROMISSORY NOTES PAYABLE TO SELLERS
    * XPEL INC - ACQUIRED BUSINESS WILL COMBINE PHYSICALLY AND
OPERATIONALLY WITH PROTEX POINTE-CLAIRE WINDOW FILM BUSINESS
ACQUIRED BY XPEL IN 2018

Source text for Eikon:  ID:nBwbhkKYqa 
Further company coverage:  XPEL.O 

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