Chemical and consumer goods company Henkel is to acquire Dutch-based Stahl Group for a purchase price of €2.1bn euros.
The move will boost the German-headquartered company’s presence in the high-performance specialty coatings for flexible materials markets.
Stahl’s portfolio includes performance coatings as well as high-performance paper packaging and graphics coatings.
Henkel Chief Executive Carsten Knobel said: “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.
“Together 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.”
The transaction is still subject to certain conditions.
Stahl Group is majority-owned by French private equity firm Wendel.
