Henkel acquires protective coating provider Seal for Life
Henkel has signed an agreement to acquire the US company Seal for Life Industries LLC from Arsenal Capital Partners. Seal for Life is a specialized provider of protective coatings and sealing solutions for a variety of infrastructure markets including renewable energy, oil and gas, and water.
As infrastructure ages and sustainability becomes increasingly important, the demand for solutions that extend the service life of facilities and infrastructure continues to grow. With Seal for Life, which offers proven, innovative protective coatings and sealing solutions for existing and newly built infrastructure facilities, Henkel is now adding new attractive technologies to its growing MRO platform. "Strategic acquisitions to actively shape and strengthen our portfolio are an essential part of our growth agenda. Seal for Life offers an attractive and highly profitable portfolio of protective coatings and sealing solutions that fits perfectly with our existing maintenance, repair and overhaul platform. With this acquisition, we will further strengthen our product portfolio and consistently drive the growth potential of our leading Adhesive Technologies business unit," says Carsten Knobel, CEO of Henkel.
In fiscal year 2023, Seal for Life generated sales of around 250 million euros. The company employs more than 650 people and has a global production network. Seal for Life offers innovative protective coatings and sealing solutions such as shrink sleeves, viscoelastic coatings, epoxy and urethane coatings as well as coatings for fire protection, insulation and sound absorption. The company's solutions, marketed under various industry-leading brands such as Stopaq, Canusa, Covalence and Lifelast, pioneer the protection and retrofit of a variety of infrastructure applications such as pipelines and piers. "The maintenance, repair and overhaul (MRO) sector is a strategic growth market for us, which offers great potential for innovative solutions for the protection, retrofitting and digitally supported monitoring of plants and infrastructure, while also contributing to sustainability. This transaction is a further building block in the development of a growth platform in our MRO business. On this basis, we want to further expand our offering in sustainable, future-oriented markets such as renewable energies and water supply," adds Mark Dorn, member of the Henkel Management Board responsible for the Adhesive Technologies business unit.
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