Adhesives and sealants manufacturer Henkel announced Feb. 15 that it is set to acquire Houston-based Seal for Life Industries LLC from Arsenal Capital Partners for an undisclosed amount.
The deal gains Henkel a specialized supplier of protective coating and sealing solutions for a variety of infrastructure markets, including renewable energy, oil & gas and water. Seal for Life operates globally and generated 2023 sales of about $269 million.
Seal for Life’s global production network manufactures heat-shrink sleeves, visco-elastic coatings, epoxy & urethane coatings, fire protection, insulation and sound-dampening coatings. Its products are marketed under brands that include STOPAQ, CANUSA, COVALENCE and LIFELAST.
“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,” Henkel Adhesive Technology Executive Vice President Mark Dorn said a news release. “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.”
Overall, Henkel said the acquisition grows its MRO solutions platform with an adjacent business that has more than 650 employees.
“Seal for Life offers an attractive and highly profitable portfolio in protective coating and sealing, perfectly complementing our existing platform for the (MRO) market,” Henkel CEO Carsten Knobel added. “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.”
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