XPEL Shares Climb on $110 Million Supply Move, Focus on San Antonio and China Margins
XPEL shares closed up 4.5% at $45.21 Wednesday after the company announced a $110 million investment in manufacturing and supply chain, including a $60.4 million San Antonio property purchase and a new China facility. Financing includes a $44.8 million PNC loan and a Wells Fargo credit amendment. XPEL plans to consolidate operations at the new San Antonio site over the next two years.