Henkel (Düsseldorf, Germany) has signed an agreement to acquire the US-based Seal for Life Industries LLC (Stadskanaal, The Netherlands) from Arsenal Capital Partners (USA). Financial details of the transaction were not disclosed.
Seal for Life is a specialized supplier of protective coating and sealing solutions in a broad variety of infrastructure markets such as renewable energy, oil and gas, and water. The company operates globally and has generated sales of approximately 250 million euros (~271 million USD) in 2023.
Driven by aging infrastructure and an increasing relevance of sustainability, the demand for solutions that enable the extension of asset life of infrastructure is continuously growing. With Seal for Life, which provides proven innovative coating and sealing solutions for both existing and new build infrastructure assets, Henkel adds attractive technologies to its growing maintenance, repair, and operations (MRO) platform.
“Strategic acquisitions to actively shape and strengthen our portfolio are an integral part of our Purposeful Growth Agenda,” says Henkel CEO Carsten Knobel. “Seal for Life offers an attractive and highly profitable portfolio in protective coating and sealing, perfectly complementing our existing platform for the maintenance, repair, and overhaul market. With this transaction we will further enhance our product portfolio in this attractive market and unlock even greater growth potential for our leading Adhesive Technologies business.”
Seal for Life employs more than 650 people and has a global production network. The business offers innovative coating and sealing products such as heat-shrink sleeves, viscoelastic coatings, epoxy and urethane coatings, fire protection, insulation, and sound dampening coatings. The application expertise of these solutions is a pioneer in the protection and retrofitting of a variety of customer infrastructure, including pipelines and piles.
“MRO is a strategic growth market for us, offering growth opportunities for innovative solutions that help protecting, retrofitting, and digitally enabled conditioning monitoring of infrastructure and at the same time contributing to sustainability,” says Mark Dorn, executive vice president and responsible for Henkel’s Adhesive Technologies business. “This transaction marks another building block in creating and developing a growth platform in our MRO business. It will enable us to further expand our offering in sustainability driven, future-oriented markets such as renewable energy and water supply.”
Source: Henkel, www.henkel-northamerica.com.