Henkel to acquire Stahl from Wendel for €2.1bn.

Henkel, a German multinational chemical and consumer goods company, agreed to acquire Stahl, a company specializing in coatings and treatments for flexible substrates, from Wendel, an investment company, for €2.1bn. “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,” Carsten Knobel, Henkel CEO.