Stahl completes acquisition of ICP Industrial Solutions Group
20/03/2023 R Stahl Ltd
Stahl, a provider of coatings technologies headquartered in the Netherlands, has completed the acquisition of ICP Industrial Solutions Group (ISG), a leader in high-performance coatings for packaging and labeling applications. The acquisition reinforces Stahl’s position as the global leader in the field of specialty coatings for flexible substrates.ISG offers a comprehensive portfolio of high-performance coatings used primarily in packaging and labeling applications, notably in the food and pharmaceutical sectors. ISG is primarily active in North America (close to 70% of sales), where it is a recognized technical leader. It also operates in Europe, under the “HiTech Coatings” brand name.
In addition to enhancing Stahl’s product offering and manufacturing capabilities, the acquisition stands to strengthen the company’s environmental, social, and governance (ESG) leadership position. The integration of ISG coating technologies (water-based and energy-cured) will enable Stahl to support customers in their transition to more sustainable packaging.
With ICP Industrial Solutions Group reporting sales of approximately USD 140 million in 2022, the acquisition will bring Stahl’s annual sales beyond the EUR 1 billion mark, with an EBITDA margin above 20%.
Maarten Heijbroek, CEO of Stahl: “Completing this important strategic acquisition is an important milestone for our organization. Stahl and ISG’s product focus and technologies are highly complementary, and the acquisition will enhance our growth profile, diversify our target markets, and broaden our technology base. Moreover, integrating ISG’s expertise and range of innovative low-impact solutions into our portfolio will add further value to our stakeholders as we work to create a more sustainable coatings value chain.”
Print this articleFor more information, please contact:
Ina Dicks, Internal Sales Manager
R Stahl Ltd
Unit 11, Maybrook Business Park
Maybrook Road
Minworth
Birmingham
West Midlands
B76 1AL
Tel: 0121 767 6469
Email: info.uk@r-stahl.com
Web: https://www.rstahl.co.uk
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