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 Global’s (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 Clariant’s (Muttenz / Switzerland; www.clariant.com) healthcare packaging business in 2019 – see Plasteurope.com of 23.07.2019.