XPEL announced its acquisition of PermaPlate Film LLC on May 25, 2021. Its same-day securities filing reported a $30 million purchase price, subject to customary adjustments, funded from cash on hand.
PermaPlate distributed and installed automotive window film for dealerships across the United States. XPEL said the business served several hundred dealers, primarily in the mid-range, high-volume installation market.
That made the transaction a distribution-and-installation expansion, rather than a film-product launch. XPEL presented it as a route beyond its luxury and enthusiast customer base into a broader dealership channel.
The announcement also contained revenue and earnings expectations. This historical brief does not treat those forecasts as achieved results or use the reported dealer count as a current network total.
Sources & reporting notes
- XPEL acquires PermaPlate Film LLC XPEL, SEC-filed release · Source dated May 25, 2021
- XPEL Form 8-K dated May 25, 2021 XPEL / U.S. Securities and Exchange Commission · Source dated May 25, 2021
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