Pulcra Chemicals, headquartered in Geretsried, Germany, has acquired fellow textile chemicals company Devan, of Ronse, Belgium.

Founded in 1977 and owned by Pentahold, a Belgian private equity fund since 2013, Devan Chemicals is well-known for its Bi-Ome antimicrobial range, a sustainable track record with probiotics solutions, a wide range of recently introduced bio-based textile finishes and a long standing lead in thermoregulation and flame retardants. Devan has offices in the UK, Portugal, the USA and a team in Shanghai.

“We are thrilled to make this announcement with our mutual trust to grow our business across a broad range of textile markets,” said Ümit Yaldiz, Pulcra Chemicals Group CEO. “The acquisition will support our vision of being the leading international benchmark for sustainable chemistry.

“Both organisations 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 to our customers, uniquely positioning us to address evolving needs.”

“For us, Pulcra Chemicals is the natural next step in the development of Devan,” added 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 will allow our 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 is not be being disclosed.

www.devan.net

www.pulcra-chemicals.net