Devan, which was established in 1977 and has been owned by Belgian private equity fund Pentahold since 2013, is known for its antimicrobial range BI-OME and bio-based textile finishes.

Ümit Yaldiz, CEO of Pulcra Chemicals Group, said: “With our combined platform, Pulcra will become a stronger partner for our customers.”

Devan has offices in the UK, Portugal, the US and a team in Shanghai. Its CEO, Sven Ghyselinck, said: “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”.