XPEL to acquire French distributor France Auto Racing

0
56


XPEL Inc., a global supplier of protective films and coatings, has agreed to acquire certain assets of France Auto Racing, a distributor of automotive paint protection films serving France.

Ryan Pape, President and CEO of XPEL, said, “This is a continuation of our holistic approach to customer strategy. This acquisition will further strengthen the development of the French market which, in our opinion, is strongly under-penetrated for us and for the industry as a whole. We are used to successfully combining our resources with local and experienced operators to be successful in markets around the world and the France Auto Racing team will help us to do this in France.

The business will be managed as part of XPEL’s European operation based in the Netherlands, where XPEL plans to add additional account management, training and customer service staff. In addition, the company will offer training in French on site in France and at its training center in the Netherlands.

Terms were not disclosed and closing is subject to customary conditions and is expected in the fourth quarter.

Ryan Pape, President and CEO of XPEL, said, “This is a continuation of our holistic approach to customer strategy. This acquisition will further strengthen the development of the French market which, in our opinion, is strongly under-penetrated for us and for the industry as a whole. We are used to successfully combining our resources with local and experienced operators to be successful in markets around the world and the France Auto Racing team will help us to do this in France.

The business will be managed as part of XPEL’s European operation based in the Netherlands, where XPEL plans to add additional account management, training and customer service staff. In addition, the company will offer training in French on site in France and at its training center in the Netherlands.

Terms were not disclosed and closing is subject to customary conditions and is expected in the fourth quarter.



LEAVE A REPLY

Please enter your comment!
Please enter your name here