Germany-based Pulcra Chemicals has acquired Belgium-based Devan from private equity fund Pentahold.
“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,” said said Ümit Yaldiz, CEO of Pulcra Chemicals Group. “The acquisition of Devan will support our vision of being the leading international benchmark for sustainable chemistry. 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.”