Clariant sells down stake in Stahl group

Clariant has reduced its stake in the Netherlands-based Stahl group by a quarter, it announced on Thursday, from 19.7% to 14.8%.

The Swiss specialty chemicals conglomerate said it would 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,” the Clariant board explained in its statement.

“In 2014, Clariant sold its leather service business to the Stahl group, for a cash consideration and a 24% stake in the acquiring group.”