M&A Deal Summary

Stahl Holdings Acquires ICP Industrial Solutions Group

On February 6, 2023, Stahl Holdings acquired chemicals company ICP Industrial Solutions Group from ICP

Acquisition Highlights
  • This is Stahl Holdings’ 4th transaction in the Chemicals sector.
  • This is Stahl Holdings’ 1st transaction in the United States.
  • This is Stahl Holdings’ 1st transaction in Illinois.

M&A Deal Summary
Date 2023-02-06
Target ICP Industrial Solutions Group
Sector Chemicals
Buyer(s) Stahl Holdings
Sellers(s) ICP
Deal Type Divestiture

Target

ICP Industrial Solutions Group

Itasca, Illinois, United States
ICP Industrial Solutions Group is a provider of a portfolio of aqueous, UV/LED/EB, silicone, specialty coating and adhesive technologies. ICP Industrial Solutions Group is based in Itasca, Illinois.

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Buyer(S) 1

Buyer

Stahl Holdings

Waalwijk, Netherlands
Category Company
Sector Chemicals
Employees2,000
Revenue 867M EUR (2018)
DESCRIPTION

Stahl Holdings is producer of chemicals for leather products; next to this, Stahl produces polymers and performance coatings for a variety of substrates such as textile, paper, plastics, rubber, metal and wood. Stahl offers a wide range of solutions to the automotive, shoe, apparel & accessories and home interior sectors, and for industrial applications. Stahl Holdings is based in Waalwijk, Netherlands.

DEAL STATS #
Overall 4 of 5
Sector (Chemicals) 4 of 4
Type (Divestiture) 3 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-22 BASF Leather Chemicals

Singapore

BASF Leather Chemicals is a provider of chemical solutions to the leather industry. Present along the entire industry value chain, it offers innovative and sustainable solutions for all wet-end to finishing processes in the leather industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-29 Weilburg

Weilburg, Germany

Weilburg is a manufacturer of water-based and energy cured coatings for the graphic arts and packaging industry, subject to customary approvals. Weilburg is based in Weilburg, Germany.

Buy -

Seller(S) 1

SELLER

ICP

Andover, Massachusetts, United States
Category Company
Founded 2016
Sector Chemicals
DESCRIPTION

ICP is a specialty chemical company engaged in the formulation, manufacturing, and marketing of coatings and adhesives. ICP was founded in 2016 and is based in Andover, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Choice Adhesives

Cincinnati, Ohio, United States

Choice Adhesives is a manufacturer and distributor of specialty, custom formulated industrial adhesives. Choice manufactures solvent‐ and water‐borne adhesives for a wide variety of end-market applications, including high-pressure laminates, building products, footwear, plastics, flooring, belting, and foam fabrication, among others. Choice Adhesives is based in Cincinnati, Ohio.

Buy -
Mergr

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Company

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