Henkel Agrees to Acquire Speciality Coatings Firm Stahl for 2.1 Billion Euros
Henkel has announced a 2.1 billion euro deal to acquire speciality coatings firm Stahl from Stahl Group to expand its industrial Adhesive Technologies unit.
Insights:
Henkel has agreed to acquire the speciality coatings company Stahl from Stahl Group in a transaction valued at 2.1 billion euros. Announced today on February 4, 2026, the deal represents a major step in the strategic evolution of the German industrial giant. The acquisition is designed to accelerate growth within the Henkel Adhesive Technologies business by integrating Stahl’s high-tech portfolio into its existing operations.
Under the leadership of CEO Carsten Knobel carsten knobel, Henkel has been pivoting toward technology-rich industrial segments. This transaction materially reallocates the ownership of Stahl and is expected to transfer approximately 725 million euros of adjusted sales into Henkel. The move strengthens Henkel’s position in Germany 
DE and globally, enhancing its scale in the speciality coatings market alongside other industry participants such as BASF and Clariant.
DE and globally, enhancing its scale in the speciality coatings market alongside other industry participants such as BASF and Clariant.
