XPEL falls on multiple acquisitions in North America

XPEL

01/10/2021 15:35

** Shares of protective films and coatings provider  XPEL.O 
down 5.4% at $71.77
    ** XPEL announces acquisition of five businesses in U.S. and
Canada from two sellers for combined purchase price of about
$20.1 mln  urn:newsml:reuters.com:*:nBw122kNza
    ** Co expects to incur about $0.3 mln in acquisition and
integration related expenses
    ** Deals closed on Oct. 1  
    ** Co says on a full year basis, the combined acquisitions
would add revenue of about $17 mln
    ** "XPEL remains a willing buyer of businesses that expand
upon our core strategies, from sellers that are looking for
their next journey with a winning and dynamic team" - Co 
    ** XPEL is up 39.2% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))