By Pierre Bertrand

Henkel said that it has agreed to acquire specialized supplier of protective coating and sealing solutions, Seal for Life Industries.

The German chemicals and consumer-goods company said that the U.S.-based Seal for Life Industries operates globally and generated approximately 250 million euros ($268.2 million) in sales in 2023.

Henkel agreed to purchase the company from Arsenal Capital Partners.

Henkel added that this acquisition enables it to further expand its maintenance, repair and overhaul solutions.

Financial details were not disclosed.

Write to Pierre Bertrand at

(END) Dow Jones Newswires

02-15-24 0736ET