The Protech Group has announced that it has reached an agreement to acquire the specialty materials business of Dyvex Industries, based in Carbondale, PA, USA. The acquisition was completed on Thursday December 30th, 2021.
Dyvex Industries is a plastic compound manufacturer for fragrance, flavour and odor control products. The company sells its products globally and is widely known for its leading brands, Polyessence and IonicGuard. Polyessence is a proprietary scent delivery technology that offers custom solid fragrances and flavor concentrates in a dry-to-the-touch plastic pellet form. IonicGuard utilizes active odor neutralization, with proprietary ingredients that ionically and covalently bond to malodor molecules.
The Protech Group will seek to accelerate the growth of the Dyvex Industries product portfolio by expanding market access within its existing sales and distribution channels and leveraging its current and prospect customers within the coatings industry, including thermoset powder, thermoplastics, liquid, and specialty materials.
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