# Henkel agrees to acquire Stahl for €2.1 billion

Henkel agreed to acquire Stahl Parent B.V., a Netherlands-based specialty coatings company, from Stahl Group S.A. (majority-owned by Wendel SE) for €2.1 billion. The deal includes stakes from minority shareholders BASF and Clariant.

- Type: Acquisition
- Announced: 2026-02-04
- Where: Waalwijk, Netherlands
- Value: $2.50B (2.10B EUR)
- Status: announced
- Products: high performance specialty coatings for flexible materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (partner)
- [Clariant](https://endata.com/companies/426.md) (partner)
- [Henkel](https://endata.com/companies/667.md) (acquirer)
- [Henkel AG & Co. KGaA](https://endata.com/companies/1037.md) (acquirer)
- [Wendel](https://endata.com/companies/3659.md) (partner)
- [Stahl](https://endata.com/companies/10206.md) (target)
- [Stahl Parent B.V.](https://endata.com/companies/90120.md) (target)

## Sources

- [ad-hoc-news.de](https://www.ad-hoc-news.de/boerse/news/ad-hoc-mitteilungen/henkel-ag-und-co-kgaa-henkel-agrees-to-acquire-specialty-coatings-company-stahl/68550152), 2026-02-04: "Henkel agreed to acquire Stahl Parent B.V. for a purchase price of 2.1 billion euros."
- [stockopedia.com](https://www.stockopedia.com/share-prices/henkel-ag-co-k-ga-a-ETR:HEN/news/henkel-to-buy-specialty-coatings-company-stahl-for-2-1-billion-euros-updated-019e6a09-c30b-7cf0-9fe4-85bdfdb74320/), 2026-04-02: "Persil-owner Henkel said on Wednesday it had agreed to buy speciality coatings company Stahl for 2.1 billion euros ($2.5 billion) from Stahl Group."
- [henkel.de](https://www.henkel.de/presse-und-medien/presseinformationen-und-pressemappen/2026-02-04-henkel-erzielt-uebereinkunft-zum-erwerb-des-spezialbeschichtungsunternehmens-stahl-2120842), 2026-04-02: "Henkel hat eine Übereinkunft erzielt, die niederländische Stahl Gruppe zu einem Kaufpreis von 2,1 Milliarden Euro zu erwerben."
- [everchem.com](https://everchem.com/category/mergers-acquisitions/page/5/), 2026-04-12: "Henkel AG & Co. KGaA has agreed to acquire Stahl, a Netherlands-based producer of high-performance specialty coatings for flexible materials, serving companies across the automotive, fashion & lifestyle and packaging markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.