Polygiene’s Acquisition of Addmaster Holdings Limited


Setterwalls has assisted Polygiene on the deal.

Sweden-based company Polygiene bought British Addmaster Holdings Limited, making it a comprehensive supplier of antimicrobial solutions for both soft and hard surfaces.

The acquisition encompassed all outstanding shares in Addmaster Holdings Limited, a leading global supplier of antibacterial additives for hard surfaces. The purchase price in the acquisition amounted to a total of approximately SEK 374 million.

Addmaster (UK) Ltd is Europe’s leading supplier of high performance, technically innovative additives to the plastics, textile, paper, paints and coatings industries. We provide additive masterbatches, liquid or powder dispersions for any application.

Polygiene is a world-leading supplier of odor control and stays fresh technologies for clothing, equipment and other materials. Polygiene is headquartered in Malmö, Sweden, and is listed on Nasdaq First North Growth Market.

The Setterwalls team included Ola Grahn (Picture), Ludwig Isell Lind af Hageby, and Gustav Johansson.

Involved fees earner: Ludwig Isell Lind af Hageby – Setterwalls; Ola Grahn – Setterwalls; Gustav Johansson – Setterwalls;

Law Firms: Setterwalls;

Clients: Polygiene AB;