Stahl announced it has entered into an agreement to be acquired by Henkel for an enterprise value of €2.1 billion. The transaction follows approximately 20 years of majority ownership by Wendel with minority stakes held by BASF and Clariant.

The companies cited strategic alignment and complementary specialty portfolios serving shared end markets. Stahl operates in specialty coatings for flexible materials with applications spanning footwear, apparel, automotive, packaging and home furnishings.

Stahl Chief Executive Officer Maarten Heijbroek said the company has undergone a significant transformation during its current ownership period, positioning it for its next phase of growth under Henkel.

During the transition period, Stahl will continue to operate under its existing organizational structure and maintain commercial and operational commitments. Completion of the transaction is subject to customary closing conditions and regulatory approvals.

This transaction reflects continued consolidation activity across the coatings sector as companies pursue scale, portfolio expansion and long-term growth through mergers and acquisitions.