{"id":11525,"date":"2026-02-05T04:29:01","date_gmt":"2026-02-05T09:29:01","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=11525"},"modified":"2026-02-05T04:29:01","modified_gmt":"2026-02-05T09:29:01","slug":"henkel-to-acquire-stahl-group-in-e2-1bn-deal","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=11525","title":{"rendered":"Henkel to acquire Stahl Group in \u20ac2.1bn deal"},"content":{"rendered":"


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The transaction is expected to create opportunities for \u201ccommercial synergies\u201d. Credit: Piotr Swat \/ Shutterstock.com. <\/figcaption><\/figure>\n<\/p><\/div>\n

Germany\u2019s Henkel has agreed to purchase Stahl Group, a Netherlands-based provider of speciality coatings for flexible materials, in a deal valued at \u20ac2.1bn ($2.48bn).<\/p>\n

The transaction involves purchasing the majority stake from Wendel, a French private equity company.<\/p>\n

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Stahl supplies coatings used in various sectors, including packaging, automotive, fashion, and lifestyle.<\/p>\n

Its product range features solutions for leather finishing, performance coatings, and coatings for paper packaging and graphics.<\/p>\n

The company employs 1,700 people and recorded adjusted sales of approximately \u20ac725m ($854.6m) for the 2025 fiscal year.<\/p>\n

Throughout the acquisition process, Stahl\u2019s daily operations will remain unchanged, with existing organisational structures maintained.<\/p>\n

Stahl\u2019s ownership is divided among Wendel (68.5%), BASF (16.1%), and Clariant (14.6%).<\/p>\n

Stahl CEO Maarten Heijbroek said: \u201cWe are deeply grateful to Wendel for the long-term partnership and support that has shaped Stahl over the past two decades.<\/p>\n

\u201cUnder Wendel\u2019s 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.\u201d<\/p>\n

Both companies supply complementary\u202fproducts to similar markets, with the transaction expected to create opportunities for \u201ccommercial synergies\u201d, Stahl said in a statement.<\/p>\n

Completion of the deal is subject to regulatory approvals, consultation processes, and other standard closing conditions.<\/p>\n

Henkel CEO Carsten Knobel commented: \u201cWith the acquisition of Stahl, we will further strengthen our Adhesive Technologies business unit in line with our strategic agenda for purposeful growth.<\/p>\n

\u201cTogether with the recently announced intention to acquire ATP Adhesive Systems, we have agreed to two significant M&A projects, adding up close to one billion euros of sales and substantially advancing the growth potential for our world-class adhesive technologies business.\u201d<\/p>\n

Notably, Henkel plans to introduce new packaging<\/a>\u00a0for its Pritt glue sticks in European markets, with updated cardboard blister packs expected to be available from early 2026.<\/p>\n

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