Germany
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Germany $39 Billion Chemical & Adhesive Giant Henkel to Buy Netherlands Specialty Coatings Company Stahl Holdings for $2.5 Billion (€2.1 Billion) Which is Majority-Owned by France Private Equity Firm Wendel SE, Henkel Founded in 1876 by Fritz Henkel, Stahl Holdings Founded in 1930 by Harry Stahl

6th February 2026 | Hong Kong

Germany chemical & adhesive giant Henkel ($39 billion market value) has announced to buy Netherlands specialty coatings company Stahl Holdings for $2.5 billion (€2.1 billion), which is majority-owned by France private equity firm Wendel SE.  Henkel was founded in 1876 by Fritz Henkel.  Stahl Holdings was founded in 1930 by Harry Stahl.  Henkel – With its brands, innovations and technologies, Henkel holds leading market positions worldwide in the industrial and consumer businesses. The business unit Adhesive Technologies is the global leader in the market for adhesives, sealants and coatings. With Consumer Brands, the company holds leading positions especially in laundry & home care and hair in many markets and categories around the world. The company’s three strongest brands are Loctite, Persil and Schwarzkopf. In fiscal 2024, Henkel reported sales of more than 21.6 billion euros and adjusted operating profit of around 3.1 billion euros. Henkel’s preferred shares are listed in the German stock index DAX. Sustainability has a long tradition at Henkel, and the company has a clear sustainability strategy with specific targets. Henkel was founded in 1876 and today employs a diverse team of about 47,000 people worldwide – united by a strong corporate culture, shared values and a common purpose: “Pioneers at heart for the good of generations.”  Stahl Holdings – Stahl is the world leader in speciality coatings for flexible materials. With three core business lines – Performance Coatings, Leather Finishing and Packaging Coatings – we create innovative coatings that are applied to everyday materials used in countless industries, enhancing the consumer experience. From automotive and apparel to luxury goods, footwear, packaging and home furnishings.  People touch Stahl products every day. And when they touch our products, we touch their lives. This is perceivable impact we have on the consumer experience that underpins our purpose: Touching lives, for a better world. Stahl’s purpose is reflected in our strong commitment to sustainability, including our Science Based Targets initiative (SBTi)-aligned emission-reduction targets.  Headquartered in Waalwijk, the Netherlands, Stahl operates a global network of 15 manufacturing sites and 27 strategically located application laboratories, supported by sales offices in 23 countries.

“ Germany $39 Billion Chemical & Adhesive Giant Henkel to Buy Netherlands Specialty Coatings Company Stahl Holdings for $2.5 Billion (€2.1 Billion) Which is Majority-Owned by France Private Equity Firm Wendel SE, Henkel Founded in 1876 by Fritz Henkel, Stahl Holdings Founded in 1930 by Harry Stahl “

 



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Germany $39 Billion Chemical & Adhesive Giant Henkel to Buy Netherlands Specialty Coatings Company Stahl Holdings for $2.5 Billion (€2.1 Billion) Which is Majority-Owned by France Private Equity Firm Wendel SE, Henkel Founded in 1876 by Fritz Henkel, Stahl Holdings Founded in 1930 by Harry Stahl

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