# Stahl to acquire ICP Industrial Solutions Group specialty coatings business from Wendel

Stahl signed an agreement to acquire ICP Industrial Solutions Group, a packaging and labeling coatings maker with about $140 million in 2022 sales, at an enterprise value of about $205 million. Closing is expected before the end of Q1 2023.

- Type: Acquisition
- Announced: 2023-02-06
- Value: $205.0M
- Status: announced
- Products: high-performance packaging coatings, labeling coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Wendel](https://endata.com/companies/3659.md) (investor)
- [Stahl](https://endata.com/companies/10206.md) (acquirer)
- [ICP Industrial Solutions Group](https://endata.com/companies/10207.md) (target)
- [Hogan Lovells](https://endata.com/companies/10380.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2023/02/06/2601771/0/en/wendel-stahl-to-acquire-icp-industrial-solutions-group-significantly-growing-and-diversifying-its-specialty-coatings-activity.html), 2023-02-06: "Stahl has signed an agreement to acquire ICP Industrial Solutions Group (ISG), a leader in high-performance packaging coatings"
- [hlc.com](https://www.hlc.com/en/news/hogan-lovells-advises-stahl-on-its-acquisition-of-icp-industrial-solutions-group-isg-a-leader-in-high-performance-packaging-coatings), 2023-03-20: "The transaction closed on 16 March 2023."

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