Addmaster has been acquired by Sweden-based company Polygiene, making it a dominant player in the supply of antimicrobial solutions for both soft and hard surfaces.
The acquisition will allow both companies to offer the market a comprehensive solution of antimicrobial functions, with Polygiene offering textiles while Addmaster’s Biomaster brand offers solutions for polymers, paints, coatings and paper.
Biomaster has enjoyed massive growth in the last 12 months with applications in travel, retail and consumer products. The combined technologies will allow clients to access the performance benefits of antimicrobial, antiviral and anti-odour efficacy.
Polygiene was established following the 2004 SARS pandemic through a spin-off from the Perstorp Group, while Addmaster was founded in 2000 by Paul Morris, MBE.
Both companies have enjoyed recent success with antiviral testing to ISO standards against SARS-CoV-2, the virus that causes Covid-19, with efficacy seen at over 95% in as little as 15 minutes.
Ulrika Bjork, CEO of Polygiene comments: “Our vision is to fundamentally transform the industry, partly by encouraging consumers to change their behaviour and wash less, and partly by getting the industry to adopt our functions and by doing so be part of building an eco-friendly society with an approach to consumption that is more sustainable in the long term.
“The market is vast and is expected to grow from USD 5 billion to USD 10 billion over the next five years on a global scale. We want to be an important and active player in this development, and we hope the industry will come on board, particularly now that our offering is even more extensive.”
Paul Morris adds: “It is a very exciting time, bringing together two major players in the antimicrobial industry and creating a powerhouse capable of dominating the landscape by being the provider of all solutions for all applications.
“Utilising the brand power of our two companies will significantly enhance the value proposition of antimicrobial protection to our clients at a time when the public is so much more educated in the need for hygienic protection and demand for our products is so high.”
Addmaster now becomes part of the Polygiene company portfolio and joins the business on Nasdaq First North Growth Market.
Click here to watch the film about Polygiene (2.35 mins).
For further information on Polygiene, please contact:
Ulrika Björk, CEO Polygiene
Mobile: +46 (0)70-921 12 75
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: email@example.com