Clariant reduces stake in Stahl

 

Clariant 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.