Polygiene Expands Sustainable Offering With New Acquisition
MALMÖ, Sweden — Polygiene, Malmö, Sweden, has acquired UK-based Addmaster Holdings Limited, supplier of high-performance additives to the plastics, textile, paper, paints and coatings industries. The purchase makes Polygiene a comprehensive supplier of antimicrobial solutions for both soft and hard surfaces. At an extraordinary general meeting (EGM) held at the end of 2020, the company voted in favor of Polygiene’s acquisition of Addmaster Holdings Limited for purchase price of SEK 374 million.
“It’s great to have the backing of the EGM. We can now focus on merging the two companies and getting the organization established. The acquisition will allow us to offer the market a comprehensive solution of antimicrobial functions for both soft surfaces such as textiles and hard surfaces such as floors, handles, kitchen and bathroom fittings in public spaces. This reduces the need for washing and cleaning, therefore lessens our environmental impact,” said Ulrika Björk, CEO of Polygiene. The company was established following the 2004 SARS pandemic through a spin-off from the Perstorp Group.