Henkel AG & Co. KGaA has agreed to acquire Stahl, a Netherlands-based producer of high-performance specialty coatings for flexible materials, serving companies across the automotive, fashion & lifestyle and packaging markets. Stahl’s portfolio consists of leather finishing coatings, performance coatings as well as high-performance paper packaging & graphics coatings.

“With the acquisition of Stahl, we will further strengthen our Adhesive Technologies business unit in line with our strategic agenda for purposeful growth. It will enable us to expand into the attractive adjacent category of specialty coatings with product offerings in core as well as in new end-markets, driving further growth in our Adhesive Technologies business unit.” said Henkel CEO Carsten Knobel.

Stahl employs approximately 1,700 people and generates annual revenue of EUR 725million (2.9x EV / Revenue).

Henkel to Acquire Stahl for €2.1 Billion, Expanding into Specialty Coatings