Henkel to Acquire Stahl Group for €2.1B

Henkel has agreed to acquire Stahl Group for an enterprise value of €2.1 billion. Stahl’s shareholders Wendel (68.5%), BASF (16.1%), and Clariant (14.6%) will hand over the business after 20 years of majority ownership by Wendel.

Stahl is described as the world leader in specialty coatings for flexible materials. The companies say the combination is designed to expand growth through shared innovation and ESG leadership, with both headquartered in Europe and serving complementary end markets. Closing is subject to customary conditions and regulatory approvals.