Redcliffe Partners advised Stahl Lux 2 S.A. on obtaining merger clearance from the Antimonopoly Committee of Ukraine for the acquisition of the leather chemicals business of BASF SE. As part of the transaction, BASF will receive a 16% minority stake in the Stahl Group, and Stahl will take over BASF’s global leather chemicals business – with approximately 210 employees globally – which offers leather chemicals for a broad range of industries such as automotive, apparel & accessories, home interior and leisure & lifestyle.
Redcliffe’s team working on the transaction comprised counsel Anastasia Usova and junior associate Kateryna Chumak.
BASF SE is one of the world’s leading chemical companies, with approximately 114,000 employees in more than 80 countries. Its leather chemicals business is present throughout entire industry value chains and offers solutions for all wet-end to finishing processes in the leather industry. Headquartered in Singapore, the business operates sales, production plants and research & development globally.
Stahl Lux 2 S.A. is a market leader in process chemicals for leather products; Stahl produces polymers and performance coatings for a variety of substrates such as textile, paper, plastics, rubber, metal and wood. Stahl also offers a wide range of solutions to the automotive, apparel & accessories and home interior sectors, and for industrial applications. Stahl has 13 manufacturing sites, with more than 1,800 employees in 24 countries.