One of the best-known names in the chemicals side of the leather industry, Stahl Holdings BV from the Netherlands, has finally divested itself of its wet end chemicals business, this division was sold last week in a deal to Syntagma Capital.

Stahl may be moving away from the upstream operations of the leather business but appears to be consolidating its downstream coatings business for flexible materials, including leather.

The company has a global presence in this sector and has a strong R + D presence as it aims to develop more sustainable coatings for a multitude of applications.

To strengthen its presence in the coatings sector, Stahl has made acquisitions in North America and Europe, among then the German company WEILBURGER Graphics GmbH. The latter’s sales team and that of Stahl Packaging Coatings were brought together at a collaboration meeting in Nurnberg to share experiences and expertise, as part of Stahl’s strategic refocusing.

In other important news about Stahl Holdings, Bloomberg published a report saying that the ultimate owner of Stahl, French investment firm Wendel, is considering selling Stahl as early as 2025.

The official price tag is unknown, but insiders maintain that it could be around 2 billion euros. JP Morgan and Morgan Stanley are advising Wendel on a potential deal.