Henkel has agreed to acquire Seal for Life Industries LLC, a US-based company specializing in protective coating and sealing solutions for various infrastructure markets like renewable energy, oil & gas, and water.
Seal for Life operates globally and achieved sales of around 250 million euros in 2023. The financial terms of the deal were not disclosed.
The demand for solutions that prolong the lifespan of infrastructure is increasing due to aging infrastructure and a growing focus on sustainability.
By acquiring Seal for Life, Henkel gains access to innovative coating and sealing solutions for both existing and new infrastructure assets, enhancing its MRO platform. Henkel’s CEO, Carsten Knobel, emphasized the strategic importance of such acquisitions in shaping and strengthening their portfolio.
Seal for Life employs over 650 people worldwide and offers a range of innovative coating and sealing products, including heat-shrink sleeves, visco-elastic coatings, epoxy & urethane coatings, fire protection, insulation, and sound dampening coatings.
These solutions are marketed under well-known brands like STOPAQ®, CANUSA®, COVALENCE®, and LIFELAST®, providing protection and retrofitting for various customer infrastructure projects such as pipelines and piles.
“Maintenance, repair and overhaul (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. 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,” said Mark Dorn, Executive Vice President and responsible for Henkel’s Adhesive Technologies business.
Source :Henkel
