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On December 30th, 2021, The Protech Group officially acquired Dyvex Industries’ specialty materials business. Dyvex Industries is based in Carbondale, Pennsylvania, USA.
Dyvex Industries earns global recognition for its advanced plastic compounds used in fragrance, flavor, and odor control applications. Its two flagship technologies – Polyessence® and IonicGuard®- have set the standard in scent delivery and malodor neutralization:
“I’m pleased to welcome our newest team members to the Protech Group family and look forward to all we can accomplish together,” stated David Ades, President of the Protech Group. “The acquisition of Dyvex Industries will enable the Protech Group to provide further added value to our customers by enhancing our range of specialty material offerings through expanding our research and development capabilities.”
“We are excited to access a broader portfolio of new technologies and resources by working with the Protech Group team to leverage their scale and industry expertise to accelerate our development,” said Joseph Depoti, Senior Vice President of Dyvex Industries. “Our two companies’ cultures of innovation, quality, and strong operating principles are exceptionally aligned,” added Robert Strony, President of Dyvex Industries.
With the acquisition of Dyvex Industries, the Protech Group strengthens its expertise in specialty materials and expands its product portfolio beyond industrial coatings. This strategic addition enhances the Group’s ability to serve a wider range of applications and markets. It also allows the Group to provide high-value, performance-driven solutions. In addition, Protech Group’s established global distribution network supports the integration. The Group also benefits from long-standing relationships across the coatings industry and related sectors. This enables a smooth expansion of capabilities. The Group will continue to deliver reliable service, technical support, and innovation to customers worldwide.
