Stahl International BV

Stahl has been awarded a Platinum rating by the sustainability rating agency EcoVadis for the second consecutive year. For the 2023 EcoVadis assessment, Stahl’s rating increased by three points compared to its 2022 score, reflecting the company’s improved performance in the area of labor and human rights. For the 2023 EcoVadis assessment, Stahl received an overall score of 80 out of 100, up from 77 in 2022. This score indicates an advanced level of sustainability maturity and ensures that Stahl retains its Platinum rating. This is awarded to the top 1% of companies assessed by EcoVadis. Stahl achieved its first Platinum rating in 2022, having undergone its first EcoVadis assessment in 2015. “We are proud to have maintained our Platinum EcoVadis rating for the second year in a row,” Ingrid Weijer, ESG performance manager at Stahl, said. “This score reflects Stahl’s  ongoing commitment to transparency and the new policies and initiatives that were introduced over the past 12 months. But we are not perfect, and the EcoVadis evaluation criteria are becoming more demanding, so we will continue to work to improve our performance into next year.” The 2023 EcoVadis assessment revealed the progress Stahl is making in the Labour & Human Rights category, where Stahl scored 90 out of a possible 100 points. This reflects the company's recent work to improve its health and safety management systems. The majority of Stahl’s global manufacturing sites are now ISO 45001 certified and more than 94% are ISO 14001 certified. Stahl has also taken steps to improve its approach to employee career development and well-being. These include the creation of an individual career plan for all employees and the introduction of a new company-wide employee satisfaction survey.

Stahl, a leading provider of coating technologies, announced the successful re-certification of two manufacturing sites, in Germany and the Netherlands, according to the ISCC PLUS standard. The re-certification of the sites by certifying body TÜV NORD means Stahl can continue to scale up its use of renewable feedstocks across its polyurethane portfolio and beyond. This will enable the company to offer customers more products containing attributed renewable raw materials. The development marks a key step forward in Stahl’s supply chain transparency ambitions, targeting greenhouse gas (GHG) emission reductions across the value chain. The ISCC PLUS-certified products manufactured at Stahl’s Waalwijk and Leinfelden locations include selected polyurethane coatings for flexible materials such as textiles, film and paper. The polyurethanes are made with between 20% and 70% renewable attributed biomass and recycled content. These products have the same performance as traditional fossil-based alternatives. Renewable content is measured and verified using the mass balance methodology. This is a calculation-based approach that tracks the flow of materials through complex supply chains. Mass balance-certified products, such as those adhering to the ISCC PLUS standard, typically contain a mix of renewable- and non-renewable-derived feedstocks. The mass balance principle ensures that the percentage of renewable feedstocks always remains consistent, from sourcing to finished product.

Stahl, a supplier of coatings technologies headquartered in the Netherlands, completes the acquisition of ICP Industrial Solutions Group (ISG), a provider 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. Strengthening ESG Leadership Position ICP Industrial offers a comprehensive portfolio of high-performance coatings used primarily in packaging and labeling applications, notably in the food and pharmaceutical sectors. ICP Industrial 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 ICP Industrial coating technologies (water-based and energy-cured will enable Stahl to support customers in their transition to more sustainable packaging. With ICP Industrial reporting sales of approximately $140 million in 2022, the acquisition will bring Stahl’s annual sales beyond the €1 billion mark, with an EBITDA margin above 20%. Maarten Heijbroek, CEO of Stahl said, “Completing this important strategic acquisition is an important milestone for our organization. Stahl and ICP Industrial’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 ICP Industrial’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,” added Heijbroek.