International. Clariant, a specialist in specialty chemicals, announced that it has reduced its stake in the Netherlands-based Stahl group by 25%, from 19.7% to 14.8%.
Clariant explained that it will continue to invest in the company as a financial investor.
Stahl is a manufacturer of high-quality chemicals, dyes and coatings for leather and other applications, and has approximately 2,000 employees. In 2014, Clariant sold its Leather Service business to the Stahl group for cash consideration and a 24% stake in the acquiring group.
Clariant seeks to concentrate this 2019 on businesses for them of greater growth and profitability.
