Henkel completes acquisition of Netherlands-based Stahl
- Transaction closed and Stahl became part of Henkel as of October 1, 2026.
- Stahl employs around 1,800 people and reported adjusted sales of €725 million in fiscal year 2025.
- Henkel’s Adhesive Technologies is expanding into specialty coatings for flexible materials, including leather finishing and packaging coatings.
- Combined with ATP Adhesive Systems and Wetherby Laroc, Henkel closed three transactions this year adding around €1 billion in combined sales.
Deal closure
Henkel has completed the acquisition of the Netherlands-based Stahl Group, a global supplier of high-performance specialty coatings for flexible materials; all closing conditions and required regulatory approvals were fulfilled and Stahl became part of Henkel as of October 1, 2026.
Stahl at a glance
Stahl serves brands across mobility, fashion & lifestyle, luxury and packaging markets with leather finishing solutions, performance coatings and packaging coatings. The company employs around 1,800 people and reported adjusted sales of €725 million in fiscal year 2025.
Strategic rationale
Henkel’s Adhesive Technologies business is entering the adjacent specialty coatings category to broaden its technology portfolio and unlock new growth opportunities by combining Stahl’s customization capabilities, asset-light know-how model and sustainability focus with Henkel’s global adhesives expertise.
Integration and scale
This is Henkel’s third transaction in the Adhesive Technologies unit this year—alongside ATP Adhesive Systems and Wetherby Laroc—adding roughly €1 billion in combined sales and intended to create a more comprehensive solutions platform for customers.
Source: Stahl