{"id":14528,"date":"2022-03-21T00:55:00","date_gmt":"2022-03-21T00:55:00","guid":{"rendered":"https:\/\/iesinspection.com\/shawcor-announces-the-sale-of-its-products-business\/"},"modified":"2022-03-21T00:55:00","modified_gmt":"2022-03-21T00:55:00","slug":"shawcor-announces-the-sale-of-its-products-business","status":"publish","type":"post","link":"https:\/\/iesinspection.com\/?p=14528","title":{"rendered":"Shawcor Announces the Sale of its Products Business"},"content":{"rendered":"<p>Shawcor Ltd. (&#8220;Shawcor&#8221; or the &#8220;Company&#8221;) (TSX: SCL) today announced the sale of its Pipeline Performance Products business (the &#8220;Products business&#8221;) to Seal For Life Industries (&#8220;Seal For Life&#8221;), a platform of Arsenal Capital Partners, a private equity investment firm based out of New York. The purchase price was USD $91.5 million, subject to working capital adjustments.<\/p>\n<p>&#8220;The Products business has provided stable returns to Shawcor for many years. However, most recently it has presented limited strategi&#013;<br \/>\nSource: NDT<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shawcor Ltd. (&#8220;Shawcor&#8221; or the &#8220;Company&#8221;) (TSX: SCL) today announced the sale of its Pipeline Performance Products business (the &#8220;Products business&#8221;) to Seal For Life Industries (&#8220;Seal For Life&#8221;), a platform of Arsenal Capital Partners, a private equity investment firm based out of New York. The purchase price was USD $91.5 million, subject to working capital [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[45],"_links":{"self":[{"href":"https:\/\/iesinspection.com\/index.php?rest_route=\/wp\/v2\/posts\/14528"}],"collection":[{"href":"https:\/\/iesinspection.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iesinspection.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iesinspection.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/iesinspection.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14528"}],"version-history":[{"count":0,"href":"https:\/\/iesinspection.com\/index.php?rest_route=\/wp\/v2\/posts\/14528\/revisions"}],"wp:attachment":[{"href":"https:\/\/iesinspection.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iesinspection.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iesinspection.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}