US EditionHenkel to buy specialty coatings company Stahl for 2.1 billion euros
Henkel will expand its industrial coatings portfolio by acquiring Stahl, valued at €2.1 billion, with Stahl generating €725 million in sales and employing around 1,700 people.
- On February 4, 2026, Henkel agreed to buy Stahl for €2.1 billion from Stahl, majority owned by Wendel, as announced on that date.
- Amid a push to build scale in tech-rich niches, Henkel is reducing reliance on slower-growing consumer brands and expanding its industrial and specialty coatings segments with sustainability and innovation capabilities.
- The deal must clear Stahl's works council consultations and approvals, with Wendel receiving 1.2 billion euros, and BASF and Clariant selling stakes.
- Markets reacted with Henkel shares up about 1% and Wendel shares jumping nearly 9%, while Wendel said the sale will fund shareholder return plans including a share buyback programme after 2025 earnings.
- Henkel CEO Carsten Knobel linked this deal to broader M&A activity, with Wendel describing the sale as a premium realization after 20 years of transformation.
21 Articles
21 Articles
The company reported that the acquisition of Stahl, based in the Netherlands, would help to stimulate growth in its business of adhesion technologies
The German concern Henkel, a manufacturer of washing powders, adhesives and cosmetics, will acquire the Dutch specialty coatings company Stahl Group, which is majority-owned by the French investment company Wendel, for 2.1 billion euros, Henkel announced.
The German giant Henkel has agreed to acquire the Dutch special coating company Stahl for the sum of 2.1 billion euros. While the company separated at the beginning of the year from Muno, this transaction does not concern the activity of chemicals for the treatment of copper, which therefore remains mostly owned by Wendel.
The Dax group Henkel wants to strengthen its business with special coatings - and spends billions on it.
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