Arsenal Capital Partners to acquire Seal for Life Industries from Berry Global Group for $328m.

Arsenal Capital Partners, a private equity firm that invests in middle-market specialty industrials and healthcare companies, agreed to acquire of Seal For Life Industries from Berry Global Group, ​for $328m. 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. “The decision to sell SFL was made as part of our ongoing portfolio analysis and decision to provide resources to further focus our efforts to deliver growth in targeted markets and advantaged products as we remain firmly committed to this objective." Tom Salmon, Berry’s Chairman, and Chief Executive Officer. "Seal For Life will benefit from Arsenal's resources and expertise in the coatings and materials sector, where we have strong relevance in the company's markets and technologies."Roy Seroussi, an Investment Partner of Arsenal.