Wendel: Stahl plans to sell business
(CercleFinance.com) - Investment firm Wendel has announced plans by Stahl, its subsidiary specialising in specialty coatings for flexible materials, to sell its leather chemicals business to a subsidiary of Syntagma Capital.
This project, subject to the usual closing conditions, including the works council consultation process, includes 428 employees, the entire leather chemicals portfolio and production sites in Italy and India.
The transaction, which follows the acquisition of Weilburger Graphics this year and ICP Industrial Solutions Group in 2023, is in line with Stahl's strategy of refocusing on the premium coatings sector.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
This project, subject to the usual closing conditions, including the works council consultation process, includes 428 employees, the entire leather chemicals portfolio and production sites in Italy and India.
The transaction, which follows the acquisition of Weilburger Graphics this year and ICP Industrial Solutions Group in 2023, is in line with Stahl's strategy of refocusing on the premium coatings sector.
Copyright (c) 2024 CercleFinance.com. All rights reserved.