From the Sector

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, 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.

The acquisition price will not be disclosed.