Clariant, a world leader in specialty chemicals, today announced that it reduced its stake in the Netherlands-based Stahl group by 25 % from 19.7 % to 14.8 %. Clariant will remain invested in the company as a financial investor.
Stahl is a producer of high-quality chemicals, dyes, and coatings for leather and other applications and has about 2 000 employees. In 2014 Clariant sold its Leather Service business to the Stahl group for a cash consideration and a 24 % stake in the acquiring group.
Clariant is a globally leading specialty chemicals company, based in Muttenz near Basel/Switzerland. On 31 December 2017 the company employed a total workforce of 18 135. In the financial year 2017, Clariant recorded sales of CHF 6.377 billion for its continuing businesses. The company reports in four Business Areas: Care Chemicals, Catalysis, Natural Resources, and Plastics & Coatings. Clariant’s corporate strategy is based on five pillars: focus on innovation and R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability.
Source: Clariant
