Arsenal Capital Partners to acquire Seal For Life Industries

Arsenal Capital Partners ("Arsenal"), a leading private equity firm that invests in middle-market specialty industrials and healthcare companies, announced the acquisition of Seal For Life Industries, LLC ("Seal For Life") from Berry Global Group, Inc. for $328 million.

Seal For Life offers a broad portfolio of corrosion protection and sealing solutions with the highest technical specifications in the industry. The company has operations in the Netherlands, Belgium, India, Mexico, and the United States, with over 380 employees. Seal For Life's complementary brands, including Anodeflex™, Stopaq®, Polyken®, Covalence®, and Powercrete®, present a differentiated value proposition to customers with a focus on preventing and combating corrosion, water ingress, and insulation issues, with superior lifetime economics. The company has annual sales of approximately $120 million.

Seal For Life will serve as Arsenal's platform in the coating solutions sector focusing on the global infrastructure and industrial markets. The platform's current and future technology portfolio provides maintenance and repair solutions that prolong the life and durability of critical applications, such as water and oil pipelines, tanks and terminals, power generation and petrochemical infrastructure.

Dirk Totte, General Manager of Seal For Life, said, "We are excited to partner with Arsenal given its deep expertise in the coating and sealants sector. Our strong platform combined with strategic investments and acquisitions will accelerate growth in current and new end markets such as renewable energy, infrastructure and commercial buildings."

Sal Gagliardo, an Operating Partner of Arsenal, said, "Seal For Life has an excellent market reputation for providing its customers with the highest level of performance and quality to meet stringent regulatory requirements. The company continues to innovate protective and anti-corrosion solutions that are solving the market needs in the oil and water pipeline industry and in emerging applications for other core infrastructure markets. We expect to build on the company's leading market brands and accelerate the trajectory of new technologies and solutions."