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M&A Deal Summary

Pulcra Chemicals Acquires Devan Chemicals

On July 2, 2021, Pulcra Chemicals acquired chemicals company Devan Chemicals from Pentahold

Acquisition Highlights
  • This is Pulcra Chemicals’ 1st transaction in the Chemicals sector.
  • This is Pulcra Chemicals’ 1st transaction in the United States.
  • This is Pulcra Chemicals’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2021-07-02
Target Devan Chemicals
Sector Chemicals
Buyer(s) Pulcra Chemicals
Sellers(s) Pentahold
Deal Type Add-on Acquisition

Target

Devan Chemicals

Greenville, South Carolina, United States
Devan Chemicals is a provider in the development, manufacturing, and sales of textile auxiliaries and specialty chemicals. Devan Chemicals was founded in 2005 and is based in Greenville, South Carolina.

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Buyer(S) 1

Buyer

Pulcra Chemicals

Geretsried, Germany
Category Company
Sector Chemicals
Employees460
DESCRIPTION

Pulcra Chemicals, a supplier of process chemicals to the textile and leather industries operates production sites and service centers in Brazil, China, Germany, India, Indonesia, Italy, Mexico, Spain, Turkey and the USA.

DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Pentahold

Nazareth, Israel

Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 125M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Pentahold NV is an independent industrial holding firm that targets small and mid-sized companies throughout the Benelux region. Pentahold looks to provide equity or the combination equity/mezzanine financing when making investments. Pentahold will consider both majority and minority stakes in portfolio companies. Pentahold NV was formed in 2006 and is based in Zaventem, Belgium.

DEAL STATS #
Overall 7 of 8
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Vergokan

Oudenaarde , Belgium

Vergokan manufactures, produces, and commercializes cable support systems made in steel and used by installers of electrical circuits in industrial and administrative projects. In addition to this core activity, the group has its own galvanization facility producing both for internal purposes as for external parties. Vergokan was founded in 1982 and is based in Oudenaarde, Belgium.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Advipro

Lille, Belgium

Advipro is a provider of GxP services in the life science industry. Advipro was founded in 2003 and is based in Lille, Belgium.

Sell -
Mergr

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