Henkel has signed an agreement to acquire the U.S.-based Seal for Life Industries LLC from Arsenal Capital Partners. 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. The company operates globally and generated sales of approximately 250 million euros in 2023. Financial details of the transaction were not disclosed.
“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.
Driven by aging infrastructure and an increasing relevance of sustainability, the demand for solutions that enable the extension of the asset life of infrastructure is continuously growing. By acquiring Seal for Life, Henkel adds attractive technologies to its growing maintenance, repair, and overhaul (MRO) platform. Seal for Life is a pioneer in the protection and retrofitting of a variety of customer infrastructure, including pipelines and piles. Its products are marketed under different brands including STOPAQ®, CANUSA®, COVALENCE®, and LIFELAST®.
“Maintenance, repair, and overhaul (MRO) is a strategic growth market for us, offering great opportunities for innovative solutions that help protecting, retrofitting and digitally enabled condition monitoring of infrastructure and at the same time contributing to sustainability. 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,” said Mark Dorn, executive vice president responsible for Henkel’s Adhesive Technologies business.
To learn more, visit www.henkel.com and www.sealforlife.com.
