Stahl, a provider of coatings technologies headquartered in the Netherlands, has agreed to acquire ICP Industrial Solutions Group (ISG), a leader in high-performance packaging coatings. The transaction will strengthen Stahl’s position as the global leader in the field of specialty coatings for flexible materials and is expected to close before the end of Q1 2023, subject to customary conditions.
ISG, a division of the ICP (Innovative Chemical Products) Group, offers a comprehensive portfolio of high-performance coatings used primarily in packaging and labeling applications, notably in the resilient food and pharmaceutical sectors. ISG is a global business with the majority of its sales in North America (close to 70% of sales), where it is a recognized technical leader. Its coating technologies (water-based and energy cured) help its customers transition to more sustainable packaging. ISG generates annual sales of approximately $140 million.
Following the acquisition, Stahl sales will exceed €1 billion. Stahl is a portfolio company of Wendel Group.
Grace Matthews served as the financial advisor to Stahl on the transaction.
has signed a definitive agreement to acquire the Industrial Solutions Group of
Grace Matthews advised Stahl