Muttenz :Clariant, a world leader in specialty chemicals, today announced that it reduced its stake in the Netherlands-based Stahl group by 25 % from 19.7 % to 14.8 %. Clariant will 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. In 2014 Clariant sold its Leather Service business to the Stahl group for a cash consideration and a 24 % stake in the acquiring group.