ClearPlex Talks Asset Acquisition

November 23rd, 2016 by Katherine Coig

Madico Inc., has acquired certain assets of ClearPlex Corporation, including windshield protection films, for an undisclosed amount.

Madico has acquired ClearPlex's windshield protection film and screen protection business.

Madico has acquired ClearPlex’s windshield protection film and screen protection business.

The acquisition closed last Thursday, according to Peter Jensen, CEO of ClearPlex, but the two companies are still in the transition phase. He noted that ClearPlex will still operate independently, as Madico is only acquiring its windshield protection films, which was manufactured by Madico, and its screen protection business ProtectionPro.

“We’re currently working on integration,” says Jensen. “But we will maintain our organization, maintain our product line and our face to the consumer.”

It was a natural transition, according to Jensen, since ClearPlex and Madico had maintained a close business relationship prior to the acquisition.

“Madico will be introduced to a whole new market of films,” he says, addressing ClearPlex’s ProtectionPro, an electronic screen protection film that’s made in consumer electronic stores without the need for inventory.

“They’ll leverage-up our existing sales,” explains Jensen, referencing Madico’s global resources. “It’s just what ClearPlex needs at this time in our development.”

Both parties are excited about the acquisition, as Jeffrey Plummer, senior vice president of sales and marketing at Madico states, “We see this as a perfect and natural fit and are very pleased that our close business relationship has brought us to this point.”

This article is from Focus on Film, the weekly e-newsletter that covers the latest news regarding window film and related products, including paint protection film. Click HERE to sign up—there is no charge. Interested in a deeper dive? Free subscriptions to Window Film magazine in print or digital format are available. Subscribe at no charge HERE.

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  1. Has this exterior product go any longevity ?From our experience it scratches and starts to look shabby after a short period of time. You need to give us some facts and put the record straight please.Leon Levy Klingshield South Africa

  2. Why does nobody ever give us some feed back.Surely one would make some type of comment on a simple question a persons asks. This seem very strange to me. Leon Levy Klingshield South Africa

  3. Hi Leon,

    Unfortunately, I think that’s a question better left to be answered by those in the industry who have experience using this product.

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