Westbridge Capital Ltd. Portfolio Entity Seam Seal Acquisition Company Has Closed the Acquisition of Seam Seal International
Westbridge Capital Ltd. (“Westbridge Capital”) is pleased to announce that its portfolio company Seam Seal Acquisition Company has successfully closed the acquisition of Seam Seal International (“Seam Seal”). Seam Seal is a US-based company that manufactures high-performance seam sealing tapes and adhesive films. Their products and waterproofing fabric technology are aimed to replace outdated PVC bedding products sold at big-box retailers.
Since 1996 Seam Seal products have been effectively used around the world in a wide variety of industries. Supplying a comprehensive range of quality seam tapes in a range of fabrics, widths, and gauges, their primary customers include large retail clients such as Walmart, AVM, Sam’s Club, and Target.
Seam Seal will be supplementing their continuing management team—original founding members Chris Wright and Chris Resha—with a new CEO, Ryan Fisher. Originally from Alberta, Canada, Ryan moved to the US to earn an MBA from Columbia University and his CPA designation, and he now resides in California. Ryan has held senior management positions as both President and CFO at various companies in the US. In a former role as CFO of an apparel company, Ryan navigated their expansion into large retail markets and the major department stores throughout the US.
“I’m excited to be building on the foundation that Seam Seal has laid and partner with their team to drive sales,” said Ryan Fisher. “We’ll be looking for opportunities to expand into additional major retailers and new sales channels throughout the US. Although Seam Seal is already in international markets, I’d like to push harder into Canada and Europe and focus on growing those areas.”
Chris Wright said: “I’m extremely pleased to be associated with a company such as Westbridge Capital now; they can bring the “big company” backing we’ve been searching for to take us to the next level. This transaction also now gives our customers the comfort knowing that Seam Seal is committed to the future and can enhance the R&D and marketing to move ahead to new heights.”
Mike Meekins, President of Westbridge Capital, shared that: “Seam Seal provides us a unique combination of demonstrated profitability and a platform ready for accelerated growth. We are honoured that Chris Resha and Chris Wright entrusted us with their legacy of success at Seam Seal and look forward to assisting incoming CEO Ryan Fisher in his aggressive plans for growth.”
About Seam Seal International
Seam Seal International manufactures a range of quality seam tapes in a range of fabrics, widths, and gauges—many of which are designed specifically to customer requirements from basic Polyurethane single layer, two-layer, and three-layer tapes to complex chemical barrier tapes in various widths and colors. Applications include the production of tents, rainwear, ski-wear, waders, waterproof bags, gloves, protective clothing, wet/dry suits, army field wear, tarps, geodesic domes, and advertisement balloons. Committed to quality, customer service, and price stability, Seam Seal International has become the world’s leading supplier of thermoplastic adhesives with a special emphasis on seam sealing tapes. For more information, please visit https://seamseal.com/.
About Westbridge Capital Ltd.
Westbridge is a private equity management company. Westbridge focuses on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.
About Westbridge Capital Partners Income Trust
Westbridge Capital Partners Income Trust (the Fund) is a Canadian domiciled Mutual Fund Trust managed by Westbridge. The Fund makes high yield loans to mature operating companies and distributes the associated income stream to investors through monthly distributions.