TORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Shawcor Ltd. ("Shawcor" or the "Company") (TSX: SCL) today announced the sale of its Pipeline Performance Products business (the "Products business") to Seal For Life Industries ("Seal For Life"), 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.