TAGS: Sealants Sustainability / Natural Adhesives
Henkel has signed an agreement to acquire the US-based Seal for Life Industries LLC (Seal for Life) from Arsenal Capital Partners (USA). 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 & gas, and water.
Acquisition Complements Henkel's Business
The company operates globally and has generated sales of approximately 250 million euros in 2023. Financial details of the transaction were not disclosed.
Driven by aging infrastructure and 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 newly built infrastructure assets, Henkel adds attractive technologies to its growing MRO platform.
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Strategic acquisitions to actively shape and strengthen our portfolio are an integral part of our Purposeful Growth Agenda. 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,” said Henkel CEO Carsten Knobel.
Source: Henkel