Pulcra Chemicals acquires specialty provider Devan
Posted July 1, 2021
RONSE, Belgium – Pulcra Chemicals, with headquarters in Geretsried, Germany, has announced its first acquisition in its history by acquiring fellow industry player Devan.
Devan, with origins since 1977 and Belgian headquarters, has been owned since 2013 by Pentahold, a Belgian private-equity fund. Devan is known from its antimicrobial range BI-OME, its large sustainable track record with a.o. probiotics solutions, a wide range of recently introduced bio-based textile finishes and a long standing in Thermoregulation and Flame Retardants. Devan has offices in the U.K., Portugal, the U.S. and a team in Shanghai.
“We are thrilled to make this announcement with our mutual trust to grow our business as a Solution Specialist for our customers across broad range of textile markets. The acquisition of Devan will support our vision of being the leading international benchmark for sustainable chemistry,” said Ümit Yaldiz, CEO of Pulcra Chemicals Group. “Both organizations have deep histories of creativity, innovation excellence and a shared commitment to care for our communities. With our combined platform, Pulcra will become a stronger partner for our customers, uniquely positioning us to address our customers’ evolving needs. That is why we are also very happy that the owner of Devan has placed its trust in us and Pulcra was the chosen partner for this acquisition.”
“For us, Pulcra Chemicals is the natural next step in the development of Devan,” said Sven Ghyselinck, CEO of Devan. “After a long and successful ownership by Pentahold, we are pleased to integrate into a larger textile chemistry player like Pulcra Chemicals. This new home will allow the innovative Devan finishes to find a faster way into the global textile market and will help the textile industry to benefit from more sustainable products”.
The acquisition price was not disclosed.
Source: Pulcra Chemicals and Devan