Henkel to strengthen MRO platform with acquisition of Seal for Life Industries
Henkel has officially announced its acquisition of Seal for Life Industries LLC from Arsenal Capital Partners, marking a strategic expansion in the maintenance, repair, and overhaul (MRO) sector. Seal for Life, a US-based specialist in protective coating and sealing solutions, plays a pivotal role across various infrastructure markets, including renewable energy, oil & gas, and water. In 2023, the company reported sales amounting to approximately 250 million euros, showcasing its significant impact on the industry. While the financial specifics of the deal remain undisclosed, this acquisition is poised to significantly bolster Henkel’s portfolio in the MRO domain.
A Strategic Move Towards Sustainable Infrastructure
The increasing importance of sustainability and the challenges posed by aging infrastructure have escalated the demand for solutions that extend the lifespan of infrastructure assets. Seal for Life’s portfolio of innovative coatings and sealings for both existing and new build assets aligns perfectly with Henkel’s growing MRO platform, promising to enhance the company’s offerings in this vital market.
Henkel CEO Carsten Knobel emphasized the acquisition’s alignment with Henkel’s Purposeful Growth Agenda, stating, “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.” This move is expected to unlock significant growth potential for Henkel’s leading Adhesive Technologies business, cementing its position as a frontrunner in digital technology solutions within the 5G multimodal communication market in China.
Henkel to acquire Seal for Life Industries to boost protective coating and sealing solutions portfolio
Enhancing Global Production and Sustainability Efforts
With over 650 employees and a global production network, Seal for Life brings to Henkel a wealth of innovative products, including heat-shrink sleeves, visco-elastic coatings, and fire protection solutions. These technologies are critical in protecting and retrofitting customer infrastructure, thereby contributing to sustainability efforts across multiple sectors.
Mark Dorn, Executive Vice President at Henkel, highlighted the strategic importance of the MRO market, noting the potential for innovative solutions in protecting infrastructure and contributing to sustainability. This acquisition marks a significant step in developing Henkel’s growth platform within the MRO business, enabling the company to expand its offerings in markets driven by sustainability, such as renewable energy and water supply.