Stahl

Based in the Netherlands, Stahl Holdings B. V. specializes in providing innovative specialty coatings and treatments for flexible materials, enhancing product performance across diverse industries. Stahl Holdings B.

V. is a company that develops specialty coatings and treatments for flexible materials. Founded in 1930 in the Netherlands, its headquarters are located in Waalwijk. The company underwent significant restructuring in December 2009 when Wendel provided EUR 60 million of equity, leading to Wendel and Oranje-Nassau Groep acquiring 92% control of Stahl International, which marked a departure from Carlyle Group's investment.

The current CEO is Nasrullah Ali. Stahl is a global leader in specialty coatings and treatments for flexible materials, with a portfolio that includes high-quality finishing solutions for leather, sustainable coatings, and high-performance packaging coatings. Their products cater to diverse sectors such as automotive, apparel, luxury goods, footwear, packaging, and home furnishings. With patented technologies like Hypac™, Stahl offers manufacturers durable and sustainable packaging solutions.

The company serves a global market, including North America, Europe, Latin America, and Asia, through tailored applications and advanced laboratories. Stahl reported a revenue of EUR 381,908,000 for the year 2006. The company generates revenue primarily through B2B transactions, focusing on partnerships and direct sales to manufacturers across multiple sectors. Their business model emphasizes long-term relationships with clients and includes bulk orders of their flagship products, including Hypac™ crosslinkers and sustainable coatings.

Stahl's recent restructuring in December 2009 through a EUR 60 million equity deal is expected to fuel its strategic growth initiatives. The focus is on launching new products designed to enhance sustainability and performance in coatings, with plans to expand into Asian markets by 2025. Recent funding will support these product developments and market expansions, aiming to strengthen Stahl's footprint globally. In February 2026, Henkel AG & Co.

KGaA, a portfolio company of Agile Capital, agreed to acquire a majority stake in Stahl Holdings B. V. from Oranje-Nassau Groep and Wendel for EUR 2. 1 billion, including debt.

As part of the transaction, Wendel will sell an entirety of 68. 5% stake, while BASF SE and Clariant International Ltd. will sell 16. 1% and 14.

6% stake respectively in Stahl Holdings B. V. The acquisition enables Henkel AG & Co. KGaA to expand into specialty coatings and drive growth in its adhesive technologies business.