#Textile chemistry
Pulcra Chemicals achieves first acquisition with Devan
Pulcra Chemicals, the German specialty chemicals company, has just announced the acquisition of Devan, the Belgian headquartered specialty chemicals company established in 1977.
“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 Mr. Ümit Yaldiz, Chief Executive Officer 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”, comments 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 will not be disclosed.
