Henkel to Acquire Stahl for €2.1 Billion

Deal Overview

German consumer goods company Henkel has announced an agreement to acquire specialty coatings company Stahl for 2.1 billion euros, equivalent to $2.5 billion. The deal is set to be formally signed after the completion of Stahl’s mandatory works council consultation processes.

Strategic Expansion for Henkel

This acquisition is a significant move to bolster Henkel's Adhesive Technologies business. Henkel CEO Carsten Knobel stated that this transaction, combined with the planned acquisition of ATP Adhesive Systems, will add close to one billion euros in sales and substantially advance the division's growth potential.

Stahl, which employs approximately 1,700 people, reported adjusted sales of around 725 million euros in 2025.

Financial Implications for Stakeholders

The transaction will yield significant returns for Stahl Group's majority shareholder, the French private equity firm Wendel. Wendel is set to receive 1.2 billion euros, which is about 6.6 times its total investment in the company since acquiring its stake in 2006.

Concluding Outlook

The acquisition strengthens Henkel’s market position in the specialty coatings and adhesive sector. Market observers will be watching the integration process following the completion of formal consultations, as it marks a key step in Henkel's strategic growth initiatives.

FAQ

Q: How much is Henkel paying for Stahl?
A: Henkel has agreed to pay 2.1 billion euros, or $2.5 billion, for the acquisition of Stahl.

Q: Which business unit will this acquisition strengthen for Henkel?
A: The deal is intended to substantially advance the growth potential for Henkel's Adhesive Technologies business.

Q: Who was the primary beneficiary of the sale?
A: Wendel, a French private equity firm and Stahl Group's majority shareholder, will receive 1.2 billion euros from the transaction.

Source: Investing.com