FRANKFURT (Dow Jones)–Henkel has reached an agreement to acquire the US company Seal for Life Industries LLC from the investment company Arsenal. Henkel did not disclose a purchase price for the company with annual sales of 250 million euros.
Seal for Life is a specialist provider of protective coatings and sealing solutions for a wide range of infrastructure markets such as renewable energy, oil and gas and water. According to Henkel, with the increasing aging of infrastructure and the increasing importance of sustainability, the demand for solutions that enable an extension of the lifespan of systems and infrastructure is continually growing. Seal for Life employs more than 650 people and has a global production network.
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DJG/jhe/kla
(END) Dow Jones Newswires
February 15, 2024 07:09 ET (12:09 GMT)
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