First buy for Pulcra
German speciality chemicals company Pulcra Chemicals has acquired Devan from private equity fund Pentahold, its first ever such deal. Terms were not disclosed. Both are mainly focused on textile chemicals and this was mainly what drove the acquisition.
Geretsried-based Pulcra is active in textile, fibre and leather auxiliaries, with a network of 13 locations and about 1,000 employees. Devan is known for its Bi-Ome antimicrobial range, allergen control, functional masterbatch technology for fibres and yarns, thermoregulation and flame retardants, plus a wide range of recently introduced bio-based textile finishes, among other things.
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