TAGS: Epoxy Coatings Polyurethane Coatings
Henkel signs an agreement to acquire the US-based Seal for Life Industries (Seal for Life) from Arsenal Capital Partners (USA). Seal for Life is a specialized supplier of protective coating and sealing solutions. It supplies a broad variety of infrastructure markets such as renewable energy, oil & gas and water.
Growing Demand for Solutions to Extend Asset Life
The demand for solutions enabling the extension of asset life of infrastructure is continuously growing. This is driven by aging infrastructure and the increasing relevance of sustainability. Seal for Life provides proven innovative coating and sealing solutions for both existing and new build infrastructure assets. This will lead Henkel to add 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. It perfectly complements our existing platform for the maintenance, repair and overhaul market," said Carsten Knobel. He is the chief executive officer of Henkel.
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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 has generated sales of approximately 250 million euros in 2023. Financial details of the transaction were not disclosed.
Offers Innovative Coating Products
In 2023, Seal for Life reported sales of around 250 million euros. The business offers innovative coating and sealing products. This includes visco-elastic coatings, epoxy & urethane coatings and fire protection. It also offers heat-shrink sleeves, insulation and sound dampening coatings.
The application expertise of these solutions is marketed under different industry brands. This includes STOPAQ®, CANUSA®, COVALENCE®, LIFELAST®. They are pioneers in the protection and retrofitting of a variety of customer infrastructure. This includes pipelines and piles.
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Maintenance, repair and overhaul (MRO) is a strategic growth market for us. This offers great opportunities for innovative solutions. It helps protecting, retrofitting and digitally enabled condition monitoring of infrastructure. And at the same time, it contributes to sustainability,” said Mark Dorn. He is the executive vice president of Henkel. He is also responsible for Henkel’s Adhesive Technologies business.
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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. The potential markets include renewable energy and water supply,” added Dorn.
Source: Henkel