United States. Henkel signs an agreement to acquire the U.S. company Seal for Life Industries (Seal for Life) from Arsenal Capital Partners (USA).
Seal for Life is a specialist provider of sealing and protective coating solutions. It serves a wide variety of infrastructure markets, such as renewable energy, oil and gas, and water.
The demand for solutions to extend the life of infrastructure assets is continuously growing. This is due to ageing infrastructure and the growing relevance of sustainability. Seal for Life provides innovative and proven coating and sealing solutions for new construction and existing infrastructure assets. This will lead Henkel to add attractive technologies to its growing MRO platform.
"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 cost-effective portfolio in protective coating and sealing. It perfectly complements our existing platform for the maintenance, repair and overhaul market," said Carsten Knobel, CEO of Henkel.
"With this transaction, we will further enhance our product portfolio in this attractive market. This will unlock even greater growth potential for our adhesive technologies business," added Knobel.
Seal for Life operates globally and generated sales of approximately €250 million in 2023. Financial details of the transaction were not disclosed.
"Maintenance, repair and overhaul (MRO) is a strategic growth market for us. This offers great opportunities for innovative solutions. It helps protect, modernize, and digitally monitor the health of infrastructure. And at the same time it contributes to sustainability," said Mark Dorn, Executive Vice President of Henkel.
"This transaction marks another milestone in the creation and development of a growth platform in our MRO business. It will allow us to further expand our offering in sustainability-driven and future-oriented markets. Potential markets include renewable energy and water supply," Dorn added.
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