As had been widely anticipated, SK Capital Partners operation Archroma has entered into a definitive agreement to acquire the Singapore-based Textile Effects business of Huntsman. Closing is expected to take place in 1H 2023, subject to customary conditions and regulatory approval. Textile Effects had sales of $772 million and adjusted EBITDA of $94 million in the last financial year.

French speciality chemicals firm Protex International has completed and made its first shipments from a new manufacturing operation for its Guangdong Prox-Chem Speciality Chemicals subsidiary. This makes Protex’s full range of additives for water-based paints, inks and dyeing aids and textile finishing products for clothing, furnishings and technical textiles textile processing.

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.