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Devan launches range of Picanol Group acquires minority

stake in Rieter Holding Ag
bio-based fragrances for textiles Picanol Group has acquired a minority stake in Rieter Winterthur (Switzerland), the company develops and

The range consists of Natural Lavender, Menthol, Wild Holding AG (SWX: RIEN), amounting to a total of manufactures machinery, systems and components
used to convert natural and man-made fibers and
467,236 shares for a price of 45.4 million EUR (or a
Mint, a Citrus Blend and will be expanded over time price per share of 107.5 CHF). Rieter is the world’s their blends into yarns. Rieter is the only supplier
leading supplier of systems for short-staple fiber
worldwide to cover spinning preparation processes
spinning. The company develops and manufactures as well as all 4 end spinning processes currently
machinery, systems and components used to established on the market.
convert natural and man-made fibers into yarns.
As a result of the transaction, Picanol Group is now Picanol Group is a diversified industrial group and it
holding 10% of the share capital of Rieter Holding is active worldwide in the fields of mechanical
AG. With the financial participation in Rieter Holding engineering, agriculture, food, energy, water
AG, Picanol Group wants to further diversify its management, the efficient (re)use of natural
activities in the textile industry and secure a stable resources and other industrial markets. Picanol
shareholding for Rieter Holding AG in the long term. Group realized a consolidated turnover of 2.2 billion
EUR in 2019. Picanol Group has approximately 7,000
Rieter (SWX: RIEN) is the world’s leading supplier of employees worldwide and it is listed on Euronext
systems for short-staple fiber spinning. Based in Brussels (PIC) via Picanol nv.

Textile innovator Devan is launching a new range of Limonene, a component found in the peel of citrus
bio-based fragrances, named SceNTL®. The range fruits, is clinically proven to have an uplifting effect.
uses traceable raw materials and an external lab has
confirmed that the bio-content of the fragrances is At this moment, the SceNTL® range is intended for
above 85%. low-wash items such as mattress ticking, decorative
pillows, upholstery, curtains, carpets, etc. It can also
SceNTL® is a unique and wide range of encapsulat- be used as a natural ‘masking scent’ for products
ed fragrances that can be integrated onto the fabric that have a strong artificial smell caused by the
and are gradually released over time. Upon release, production process. The company is already looking
the fragrances appeal to the senses, promoting into further development of other scents and broader
relaxation, wellbeing and feel-good sensations. application use.

While synthetic fragrances are composed of synthet- Devan Chemicals is a worldwide developer of
ic, man-made ingredients, natural scents and oils are speciality chemicals for textiles, headquartered in
created by isolating natural aroma components from Belgium and with offices in the UK, Portugal and the
raw plant materials. This also explains why every USA. The company was founded in 1977 and has a
SceNTL® batch can have a slight variation in smell. strong focus on innovation, research & development
As natural conditions differ from time to time, every and sustainability. Devan is a leading innovator in the
harvest is a little different from the previous one.
fields of protection (flame retardants), performance
Although aromatherapy is still a young and under- (odour control & stain release), thermoregulation
studied domain, recent studies have shown that (PCM’s and cooling technologies such as
essential oils can indeed have neurological effects. Moov&Cool®), health & wellness (aromatherapy,
Linalool for example, a component found in Lavender R-Vital™ and allergen control) and fibres and yarns
and rosewood, is found to enhance sleep, while (functional masterbatch technologies).

February/March 2021