By Aimee Look
Henkel agreed to acquire specialty-coatings company Stahl in a deal valued at 2.1 billion euros ($2.48 billion), including debt, that seeks to expand its adhesives arm.
The German consumer-goods company--maker of Persil detergent and Loctite glue--said Wednesday that the acquisitions of Netherlands-based Stahl, majority owned by French private-equity group Wendel, would help it drive growth in its adhesive-technologies business.
Wendel separately said that BASF, Clariant and other minority shareholders would also sell their stakes to Henkel.
Henkel's deal for Stahl comes after the company recently said it would acquire ATP Adhesive Systems.
"It will enable us to expand into the attractive adjacent category of specialty coatings with product offerings in core as well as in new end-markets, driving further growth in our Adhesive Technologies business unit," Henkel Chief Executive Carsten Knobel said.
Stahl's portfolio includes specialty coatings for flexible materials, and the company works with brands in the fashion, packaging and automotive industries, Henkel said.
Wendel said it would get net proceeds of about 1.2 billion euros from the deal.
Henkel and Wendel said the deal was still subject to customary closing conditions like merger clearance.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
02-04-26 0321ET
