Follow

Polygiene completes acquisition of the UK based additive company Addmaster

08 January 2021 - 20:05

Polygiene AB (publ) (“Polygiene”) has today completed the previously announced acquisition of Addmaster Holdings Limited (”Addmaster”). The acquisition was announced in a press release on 10 December 2020.

Polygiene has today acquired all outstanding shares and completed the acquisition of the UK based additive company Addmaster, a leading global supplier of antibacterial additives for hard surfaces, for a purchase price, on a cash and debt free basis, of approximately SEK 374 million. The purchase price in the acquisition is paid partly through approximately SEK 249 million in cash, partly through an issue in kind of 4,564,174 shares in Polygiene, corresponding to a value of approximately SEK 125 million.

For more information about the acquisition of Addmaster, please see the press release from 10 December 2020 when the acquisition was announced.

This information was submitted for publication, through the agency of the contact person set out below, at 8 January 2021, at 20:05 CET. 

For more information, visit ir.polygiene.com or contact:
The Company’s IR at e-mail: ir@polygiene.com
 Ulrika Björk, CEO, Mobile: +46 (0) 70 921 12 75, e-mail: ubj@polygiene.com

About Polygiene
 As the world leader in stays fresh technologies, we want to change the way we view products – from fast consumables to durables. We treat clothes, accessories, home products, and textiles to help people stay fresh, wash less and let clothes and products live longer. Over 200 global premium brands have chosen to use the Polygiene brand with their products. Polygiene is listed on Nasdaq First North Growth Market in Stockholm, Sweden. For more information: polygiene.com Erik Penser Bank AB acts as its Certified Adviser. Phone: +46 8- 463 83 00, e-mail: certifiedadviser@penser.se.

Provided by: Cision
Nasdaq First North GM (Sweden)
Polygiene AB
Polygiene AB is a provider of odor control and stay fresh solutions. Its sales and markets its products in various segments including Sport & Outdoor, Lifestyle, Home Design, and Footwear. It generates the majority of the revenue from Sport & Outdoor segment which includes sportswear, protective gear, outdoor, hunting, and fishing. The company generates revenue through sales of chemicals and royal...
Learn more about company

Related news

We use cookies to make your experience using IPOhub better. By using our site you agree to our use of cookies. Learn More

Create Your FREE Account to stay Up To Date