BERRY GLOBAL
Seal for Life business sold to Arsenal Capital
Arsenal Capital Partners (New York, New York / USA; www.arsenalcapital.com) has sealed another deal. The US private equity firm has bought packaging group Berry Globals (Evansville, Indiana / USA; www.berryglobal.com) Seal for Life business (SFL, Stadskanaal / The Netherlands; www.sealforlife.com) for USD 330m (around EUR 296m).

SFL produces technical sealants, tapes and coatings for various applications, such as corrosion protection for pipes and joints. The Netherlands-based company operates another European plant in Westerlo / Belgium and production sites in Baroda, Gujarat / India, Tijuana / Mexico, Dammam / Saudi Arabia and Franklin, Kentucky / USA. Its annual sales amount to around USD 120m.

Berry completed the takeover of RPC (Rushden / UK; www.rpc-group.com) on 1 July 2019. The combination will create a packaging group with more than 48,000 employees at 290 locations worldwide and an annual turnover of USD 13 bn see Plasteurope.com of 03.07.2019.

Arsenal Capital is eyeing companies in various plastics-related sectors. The New York-based company is planning to take a controlling interest in US plastics recycler Revolution (Little Rock, Arkansas; www.revolutionplastics.com) see Plasteurope.com of 30.07.2019 and close the acquisition of Clariants (Muttenz / Switzerland; www.clariant.com) healthcare packaging business in 2019 see Plasteurope.com of 23.07.2019.
01.08.2019 Plasteurope.com [243079-0]
Published on 01.08.2019
Berry Global: Versiegelungsspezialist Seal for Life an Arsenal CapitalGerman version of this article...

© 2001-2019 Plasteurope.com  |  Imprint  |  Privacy

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2019 by Plasteurope.com, Bad Homburg
Date of print: 23.09.2019 08:49:35   (Ref: 20524992)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp