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Henkel has accomplished the acquisition of the US-based Seal for Life Industries LLC from Arsenal Capital Companions (USA). Seal for Life is a specialised provider of protecting coating and sealing options in a broad number of infrastructure markets resembling renewable vitality, oil and gasoline, and water. The signing of the transaction came about in February 2024.
As infrastructure ages and sustainability features ever extra prominence, the need for restore options that improve asset longevity is changing into extra obvious. Consequently, upkeep and restore options for industrial, civil, and municipal purposes are gaining heightened significance.
“This acquisition underscores our dedication to create a upkeep, restore, and overhaul (MRO) progress platform and it positions us to increase our choices in future-oriented markets resembling renewable vitality and water provide. We’re excited to have this deal closed and speed up our integration along with Critica Infrastructure in offering our rising buyer base further worth with an expanded resolution providing,” stated Mark Dorn, Government Vice President and globally accountable for Henkel’s Adhesive Applied sciences enterprise unit.
The acquisition seamlessly aligns with Henkel’s increasing MRO portfolio by introducing complementary restore options that considerably bolster the corporate’s dedication to advancing the sustainability megatrend.
“As an organization, we’re deeply dedicated to sustainability, and this acquisition additional solidifies that dedication. The portfolio of options we’ve acquired emphasises corrosion safety, extending infrastructure lifespan, and minimising environmental impression via diminished replacements,” added Csaba Szendrei, Company Senior Vice President and International Head of the Craftsmen, Development and Skilled Division at Henkel Adhesive Applied sciences.
With a worldwide manufacturing community, Seal for Life operates on a world scale. Its product portfolio includes revolutionary coating and sealing options, resembling heat-shrink sleeves, visco-elastic coatings, epoxy and urethane coatings, fireplace safety, insulation, and sound-dampening coatings. Leveraging utility experience, these options, marketed beneath famend business manufacturers together with STOPAQ®, CANUSA®, COVALENCE®, LIFELAST®, paved the way in defending and retrofitting varied buyer infrastructure, resembling pipelines and piles.
“MRO symbolize a pivotal progress sector for our organisation, presenting vital alternatives for pioneering options that defend, retrofit, and digitally monitor infrastructure whereas advancing sustainability targets. This strategic transaction represents one other essential milestone in our ongoing efforts to domesticate a sturdy progress platform inside our MRO enterprise so as to add extra worth to our clients’ operations and assist them attain their targets. Coupled with the Critica Infrastructure acquisition closed in 2023, and our robust Loctite MRO options, we’re properly positioned to ship on our technique,” commented Dr. Kourosh Bahrami, Company Vice President and International Head of the Common Manufacturing and Upkeep enterprise at Henkel Adhesive Applied sciences.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/05042024/henkel-closes-acquisition-of-seal-for-life/
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