Netherlands-based Stahl Holdings BV, through its subsidiary Pielcolor S.L.U., has acquired full control of Pielcolor Uruguay, S.A. with effect from December 31, 2005. The agreement, concluded with Uruguay-based Pinturas Inca, S.A., part of ICI Paints, includes two subsidiary companies, Colorcuer, S.A. in Argentina and Pielcolor Chile, S.A.

According to Stahl, this acquisition – which is in line with the company’s strategy of concentrating on special effect coatings – will further strengthen the position of Pielcolor in the important South American leather finish markets, in which Pielcolor Uruguay currently operates.

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