Investcorp Buys Avecia's Stahl Unit. (News).(Brief Article)

Chemical Market Reporter, December, 2001

INVESTCORP HAS reached agreement for the buyout of Stahl International, a manufacturer of specialty chemicals for leather finishing and other specialized coatings and coloration applications. Stahl is being bought for [euro]375 million ($338.6 million). It is one of five operating units within the Avecia Group, itself jointly owned by Investcorp and Cinven. The deal is expected to close in January.

Headquartered in the Netherlands, Stahl reported sales in 2000 of [euro]338.7 million ($305.13 million). The company operates 13 manufacturing plants and 21 technical service laboratory sites in about 30 countries. Stahl USA is located in Peabody, Mass. The company's core businesses are leather finishes, colors and tanning products, industrial colorants, shoe...

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