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Wendel to exit Stahl in $2.1bn Henkel deal

privateequitywire

4 months ago

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German chemicals giant Henkel AG has agreed to acquire Stahl Holdings BV, a Netherlands-based speciality coatings company for €2.1bn ($2.5bn), marking a significant exit for private equity firm Wendel SE, according to a report by Bloomberg.
Minority shareholders BASF SE and Clariant AG, which together hold more than 30% of Stahl, are also selling their stakes as part of the deal, according to Wendel. Henkel’s CEO Carsten Knobel said the acquisition will strengthen the company’s adhesive technolo...

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