Henkel to Acquire Stahl in €2.1 Billion Transaction

Henkel has reached an agreement to acquire Stahl, a global supplier of specialty coatings for flexible materials, for an enterprise value of €2.1 billion. The transaction, announced jointly with Stahl and its shareholders Wendel, BASF, and Clariant, represents a significant expansion of Henkel’s portfolio in specialty materials.

According to Henkel, the acquisition aligns with the company’s strategic focus on innovation-driven, high-value businesses and strengthens its position in markets served by flexible material coatings. Both organizations are headquartered in Europe and address several overlapping end markets, which the companies said could support future commercial synergies.

Henkel stated that its existing research and development capabilities are expected to complement Stahl’s technology platform and help accelerate growth in specialty coatings. The company noted that the combination is intended to expand its range of solutions and deepen customer relationships in targeted application areas.

Maarten Heijbroek, CEO of Stahl, said the acquisition represents the next phase in Stahl’s development following two decades of majority ownership by Wendel. He added that the company believes Henkel’s innovation resources will support continued leadership in coatings for flexible materials.

Henkel indicated that Stahl will continue to operate with its current organization during the transition period and that business operations for employees, customers, and partners are expected to remain unchanged while regulatory approvals are completed.

The transaction is subject to customary closing conditions and is expected to proceed following the required regulatory reviews, according to Henkel.

Source: Henkel