M&A Deal Summary

Arsenal Capital Partners Acquires Seal For Life Industries

On July 30, 2019, private equity firm Arsenal Capital Partners acquired plastics company Seal For Life Industries from Berry for 328M USD

Acquisition Highlights
  • This is Arsenal Capital Partners’ 5th transaction in the Plastics sector.
  • This is Arsenal Capital Partners’ largest (disclosed) transaction.
  • This is Arsenal Capital Partners’ 2nd transaction in the Netherlands.
Investment Fate
  • Seal For Life Industries was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2019-07-30
Target Seal For Life Industries
Sector Plastics
Buyer(s) Arsenal Capital Partners
Sellers(s) Berry
Deal Type Divestiture
Deal Value 328M USD

Target

Seal For Life Industries

Stadskanaal, Netherlands
Seal For Life Industries is a provider of corrosion prevention, waterproofing, and insulation prodStadskanaalucts. offers products for various markets, such as marine, splash zone, and underwater installation, mobile pipeline coating, onshore oil and gas pipelines, offshore, insulation, casing filler, energy, flooring, refinery, cathodic protection, cables and wires, and wastewater. Seal For Life Industries was founded in 1988 and is based in Stadskanaal, Netherlands.

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Buyer(S) 1

Buyer

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.


DEAL STATS #
Overall 43 of 57
Sector (Plastics) 5 of 5
Type (Divestiture) 5 of 5
Country (Netherlands) 2 of 2
Year (2019) 5 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Airnov

Choisy-le-Roi, France

Airnov is a formulator and manufacturer of active packaging solutions that protect drugs and other demanding products from moisture and oxygen. The company serves the pharmaceutical, diagnostic, and nutraceutical markets, and operates with a global reach through five manufacturing facilities throughout the U.S., France, India, and Asia. Airnov was formed in 2019 and is headquartered in Choisy-le-Roi, France.

Buy Fr.308M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 CellCarta

Montreal, Quebec, Canada

CellCarta is a provider of specialized precision medicine laboratory services to the biopharmaceutical industry. Leveraging its integrated analytical platforms in immunology, histopathology, proteomics and genomics, as well as related specimen collection and logistics services, CellCarta supports the entire drug development cycle, from discovery to late-stage clinical trials. CellCarta was founded in 2000 and is based in Montreal, Quebec.

Buy -

Seller(S) 1

SELLER

Berry

Evansville, Indiana, United States

Category Company
Founded 1967
Sector Plastics
Employees44,000
Revenue 12.7B USD (2023)
DESCRIPTION
Berry's corporate headquarters in Evansville, Indiana.
Berry's corporate headquarters in Evansville, Indiana.

Berry is a manufacturer and marketer of plastic packaging products for personal care, household, industrial, and transportation markets. Berry was incorporated in 1967 and is based in Evansville, Indiana.


DEAL STATS #
Overall 1 of 3
Sector (Plastics) 1 of 2
Type (Divestiture) 1 of 3
Country (Netherlands) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-01 RPC Group

Rushden, United Kingdom

RPC Group Ltd. engages in the manufacture and sale of rigid plastic packaging and associated equipment primarily in the United Kingdom, Germany, France, the United States, and Mainland Europe. RPC Group was formed in 1991 and is based in Rushden, United Kingdom.

Buy $6.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Promens Zlin

Zlín, Czech Republic

Promens Zlin is a Tier 1 system and development supplier, focused predominantly on large vehicle exterior and interior parts, which are key components in the production of buses, earth moving vehicles, and agriculture equipment. Promens Zlin was founded in 1991 and is based in Zlín, Czech Republic.

Sell -