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Henkel and Wetherby Laroc, a UK-based manufacturer of high-performance building products and facade systems, announced a strategic partnership in the form of a joint venture. Henkel signed an agreement to become majority shareholder of Wetherby Laroc. The transaction is closed and completed; financial details were not disclosed.
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.