Henkel is acquiring Stahl for an enterprise value of €2.1 billion – a move hoped to drive growth in specialty coatings for flexible materials.
Stahl emphasizes its similarities to Henkel, with both companies headquartered in Europe and serving shared end markets. The companies claim to pursue similar strategic visions on ESG leadership, innovation, and customer intimacy.
These overlaps are hoped to unlock commercial synergies, with Henkel’s innovation capabilities expected to bolster Stahl’s growth in specialty coatings for flexible materials.
Henkel’s acquisition of Stahl will also include Wendel’s 68.5% share, BASF’s 16.1% share, and Clariant’s 14.6% share in the company.
During the transition period, Stahl will continue to operate with its existing organization and maintain commercial and operational commitments.
“We are deeply grateful to Wendel for the long-term partnership and support that has shaped Stahl over the past two decades,” says Stahl CEO Maarten Heijbroek. “Under Wendel’s ownership, Stahl has undergone a significant transformation into a focused, pure‑play speciality coatings company with a strong global footprint, strengthened technologies, and a resilient market position. This transformation means we are now well-positioned for further growth.
“As we move into our next chapter under the Henkel umbrella, we believe this acquisition will further strengthen our leadership position in speciality coatings for flexible materials. Henkel’s strong innovation capabilities will further enhance value for our customers, and our shared values make this a natural and exciting next step for Stahl.”
The transaction’s completion is subject to customary closing conditions and regulatory approvals. Further closing details will be revealed over time.
In other acquisition news, supermarket chain Mercadona will acquire reusable packaging supplier Logifruit in a bid to combine its logistics processes and bolster a new circular strategy. Mercadona anticipates that the acquisition will help it achieve ‘significant’ synergies, optimize resources, and strengthen its distribution network.
Saica Group has also acquired FCC Ámbito’s paper and corrugated board recovery business. The move is expected to consolidate Saica’s presence in Iberia and maximize shareholder value.
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