Henkel to Acquire Specialty Coatings Firm Stahl

Henkel AG & Co. KGaA has announced its agreement to acquire Stahl Parent B.V., a Dutch-based global leader in specialty coatings, for 2.1 billion euros. Stahl, owned by Wendel SE, specializes in high-performance coatings for flexible materials, catering to industries such as automotive, fashion, lifestyle, and packaging. The acquisition will provide Henkel with access to Stahl's leather and performance coatings, as well as high-performance paper packaging and graphics coatings.

The transaction, pending the conclusion of Stahl's works council consultation processes and customary merger approvals, aims to bolster Henkel's regional and global market presence. Stahl reported adjusted sales of 725 million euros in 2025 and employs around 1,700 people globally. The formalization of this agreement reflects Henkel's strategic expansion in the coatings market.