Syntagma Capital to acquire the wet-end leather chemicals business from  Stahl.

Syntagma Capital, a private equity firm, to acquire the wet-end leather chemicals business from  Stahl, a company specialised in speciality coatings for flexible materials. Financial terms were not disclosed. “In recent years, Stahl has made a deliberate strategic shift towards premium coatings, establishing ourselves as the market leader in coatings for flexible materials. The divestment of our wet-end leather chemicals business completes this transformation.  Stahl is now a pure-play coatings formulator, which will allow us to accelerate innovation and sustainability to enhance consumer experiences and to live our purpose: ‘Touching lives, for a better world,” Maarten Heijbroek, Stahl CEO.