Stahl Divests Wet-End Leather Chemicals Business
Image courtesy of Stahl.
Stahl has announced the sale of its wet-end leather chemicals business to Syntagma Capital, completing its strategic shift to a pure-play specialty coatings company for flexible materials. The divestment includes 428 employees, the full wet-end portfolio and manufacturing facilities in Italy and India.
This move allows Stahl to focus on its core expertise in specialty coatings while maintaining its heritage in leather finishing. Recent expansions in packaging coatings and investments in facilities globally strengthen Stahl’s position to drive innovation and sustainability in coatings formulations.
Stahl CEO Maarten Heijbroek remarked, “This transformation positions Stahl to enhance consumer experiences through accelerated innovation and sustainability.” The transaction is expected to close in the first half of 2025, subject to regulatory approvals.
The proposed transaction, which is subject to customary closing conditions, including the information and consultation of works councils and other regulatory approvals, is expected to be completed in the first half of 2025.
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