Henkel has achieved a consensus to procure the Dutch Stahl Group, primarily possessed by the French private equity enterprise Wendel SE, for €2.1 billion. Stahl functions as an international provider of superior specialty coverings for pliable materials, catering to foremost global enterprises within the automotive, fashion and lifestyle, and packaging sectors.
The firm’s compilation encompasses leather sheaths, effectiveness coatings, and elevated-performance finishes intended for paper bundling and graphical utilizations. The enterprise employs roughly 1,700 individuals and documented modified income of nearly €725 million in 2025, distributed equitably across regions.
According to Carsten Knobel, CEO of Henkel, the procurement of Stahl will reinforce the Adhesive Technologies division as an element of a strategic, extensive growth scheme. The transaction unlocks prospects to access appealing adjacent specialty coatings domains and broadens Henkel’s existence within both present and novel marketplaces. In conjunction with the recent declaration of its intent to acquire ATP Adhesive Systems, these dual M&A endeavors could yield almost one billion euros in supplementary income and noticeably elevate the growth capability of the global Adhesive Technologies enterprise.
Mark Dorn, Chief of Adhesive Technologies, emphasized Stahl’s strategic importance to Henkel. The business functions via a capital-proficient, service-focused paradigm, is highly customized, and furnishes a supplementary product assortment that caters to consumer segments, many of whom are already Henkel patrons. Stahl likewise possesses precious technology and R&D proficiencies, which will authorize Henkel to extend even greater innovation to clientele. A substantial segment of Stahl’s revenue stems from ecologically sound water solutions, which further bolsters Henkel’s sustainability objectives.
The agreement remains contingent upon a variety of stipulations, encompassing obligatory dialogues with authorities, acquisition of regulatory endorsements, and gratification of other customary concluding prerequisites.
Source: henkel