#Textile chemistry

2021-07-01

Pulcra Chemicals achieves first acquisition with Devan

Pulcra Chemicals, with headquarters in Geretsried (Germany) has just announced its first acquisition in its history by acquiring fellow-industry player Devan. Devan, with origins since 1977 and Belgian headquarters, is since 2013 owned 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 UK, Portugal, the US and a team in Shanghai.

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.

Indovinya advances sustainable solutions with agreement for the supply of renewable Oxygen from Air Liquide

Indovinya, the specialty chemicals and surfactants division of Indorama Ventures, has entered into an agreement with Air Liquide — a world leader in gases, technologies, and services for industry and healthcare — for the supply of renewable oxygen. The agreement represents a strategic advancement in Indovinya’s commitment to sustainability, as it increases the share of renewable raw materials in the production of ethylene oxide, one of its key products.

DyStar releases FY2025 sustainability report, marking a new milestone towards its 2030 targets

DyStar, a leading specialty chemicals company with more than a century of expertise in product development and innovation, today announced the release of its FY2025 Sustainability Report, marking a significant milestone in its sustainability journey and reinforcing its commitment to long-term value creation.

C&S strengthens its governance to support its evolution

C&S announces the appointment of Marco Lucietti to its Board of Directors. With extensive international experience across the textile and denim industries, Lucietti will work alongside CEO Federico Corneli, contributing to the company’s managerial development, organizational structure and long-term strategic direction.