February 15, 2024 (press release) –
Henkel
signs agreement to acquire Seal for
Life Industries
- Further expansion of growth platform for maintenance, repair and overhaul (MRO) solutions with highly attractive adjacent business
- Strengthen global position and expand offering in sustainability-driven, future-oriented growing and profitable markets
- Access to certified protective coating technologies and complementary applicator network for retrofitting, smart maintenance, and civil infrastructure
Driven by aging infrastructure and an increasing relevance of sustainability, the demand for solutions that enable the extension of asset life of infrastructure is continuously growing. With Seal for Life, which provides proven innovative coating and sealing solutions for both existing and new build infrastructure assets,
"Strategic acquisitions to actively shape and strengthen our portfolio are an integral part of our Purposeful Growth Agenda. 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. 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," said
In 2023, Seal for Life reported sales of around
"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
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