Henkel agrees to acquire Stahl

04/02/2026
Henkel agrees to acquire Stahl
Henkel has agreed to acquire Stahl, the Dutch-based speciality coatings producer for flexible materials, from majority owner Wendel alongside minority shareholders BASF and Clariant.

The deal will bring to an end Wendel’s 20 years of majority ownership. Stahl will continue to operate as a standalone organisation during the transition period while regulatory approvals are secured.

Both companies said the acquisition reflects a strategic fit based on shared innovation priorities and ESG commitments, with complementary product portfolios serving similar end markets.

Stahl chief executive Maarten Heijbroek said the company had been transformed under Wendel’s ownership and was now positioned for further growth under Henkel.

Henkel said its research and development capabilities would support Stahl’s expansion in speciality coatings and strengthen its technology offering to customers.