Deal

Midlands dealmakers advise on £33 million sale of Addmaster to Swedish company Polygiene

Published: 12th January 2021
Area: Corporate & Commercial
Staffordshire company Addmaster, one of the UK’s leading suppliers of antibacterial additives, has been sold to Swedish company Polygiene for £33 million, with the support of Midlands-based Shakespeare Martineau and Bracebridge Corporate Finance.

Addmaster supplies performance-enhancing additives for the plastic, paper, textiles, paints and coatings industry.  The acquisition brings together Addmaster’s expertise in antimicrobial technologies on hard surfaces with Polygiene’s long-standing reputation in odour control and antiviral solutions for textiles.

Addmaster’s Biomaster technology, designed to prevent bacteria and viruses growing, has been in high demand and has been adopted in a diverse range of applications. In a recent development, the technology has also completed extensive testing and has been found to be effective on both porous and non-porous substrates against SARS-CoV-2, the virus that causes Covid-19. This means that Biomaster can give up to 99% protection just four hours after it has been added to products, preventing any bacteria or virus growing on everyday items.

Addmaster founder, Paul Morris said: “This is a fantastic deal for our business and gives us the financial backing and global resources we need to maximise the potential of our products, including the world-leading antimicrobial protection offered by Biomaster.

Paul added: “I’m hugely grateful to the support of Shakespeare Martineau and Bracebridge Corporate Finance who have been with us every step of the way.

Andy Moore, managing director at Bracebridge Corporate Finance commented: “We have worked with Addmaster over the last 3 years and have seen the business go from strength to strength. The sale to Polygiene is the result of many years’ hard work from Paul and his team. We advised the shareholders on the sale, project managing and negotiating the deal with Polygiene, working closely with Shakespeare Martineau on the legal aspects.

Experts in medtech, fast growing and entrepreneurial businesses, head of corporate Adam McGiveron and acquisitions specialist Emma Bryant at Shakespeare Martineau, supported Addmaster with the deal – advising on the sale contract.

Adam McGiveron said: “We are delighted to have worked with Addmaster and its shareholders to achieve an outstanding result for the business. The deal is a superb example of a Midlands business being advised by Midlands advisors on an international transaction.

How can we help?

Our expert lawyers are ready to help you with a wide range of legal services, use the search below or call us on: 0330 024 0333

SHMA® ON DEMAND

Listen to our SHMA® ON DEMAND content covering a broad range of topics to help support you and your business.

Standard Method – the implications for plan-making and development opportunities across the East Midlands

4 Mar

David Pendle, Associate Director | Andrew Gore, Partner
Standard Method – the implications for plan-making and development opportunities across the East Midlands

This webinar will focus on what on the implications are for plan-making across the […]

Covid-19 vaccine – what employers need to know

10 Mar

Matt McDonald, Partner
Covid-19 vaccine – what employers need to know

In this webinar, Matt McDonald – partner in our employment team – will discuss […]

Agriculture: Agricultural Tenancies and Tenancy Reform

11 Mar

Peter Snodgrass, Partner & Head of Agriculture | Jennie Wheildon, Legal Director
Agriculture: Agricultural Tenancies and Tenancy Reform

Peter Snodgrass and Jennie Wheildon will be in conversation discussing how to identify the […]

When does a mental health condition become a disability? Managing mental health in the workplace

17 Mar

Matt McDonald, Partner
When does a mental health condition become a disability? Managing mental health in the workplace

We will cover: Recognising mental health issues in the workplace, what employers can do, […]

Agriculture: Brexit and the impacts on farmers and land owners

25 Feb

Peter Snodgrass, Partner & Head of Agriculture
Agriculture: Brexit and the impacts on farmers and land owners

Peter Snodgrass, Head of Agriculture at Shakespeare Martineau, will be in conversation with Jason […]

IR35 – what changes are expected in April 2021?

24 Feb

Rhys Wyborn, Partner
IR35 – what changes are expected in April 2021?

In this webinar, Rhys Wyborn – partner in our employment team reminds employers of […]

How has Covid changed the life of legal counsel? | SHMA Talks

24 Feb

Sarah Walker-Smith, Chief Executive
How has Covid changed the life of legal counsel? | SHMA Talks

For a lot of us, Covid has changed the way we work, but how […]

Ingenuity – driving sustainable economic recovery | SHMA Talks

17 Feb

Ed Wright, Partner & Head of Sport
Ingenuity – driving sustainable economic recovery | SHMA Talks

The Ingenuity Programme - a network of universities, corporate and public organisations is helping […]

Our Latest Thoughts

All the latest views and insights on current topics.

How do the current travel restrictions impact businesses? | COVID-19

26 Feb

Business Immigration

How do the current travel restrictions impact businesses? | COVID-19

Read article Right Arrow

Uber v Aslam: a win for workers

25 Feb

Employment

Uber v Aslam: a win for workers

Read article Right Arrow

The importance of refreshing and repeating equality and diversity training

16 Feb

Corporate & Commercial

The importance of refreshing and repeating equality and diversity training

Read article Right Arrow

Shakespeare Martineau raises more than £2m in two days with deal duo

15 Feb

Corporate & Commercial

Shakespeare Martineau raises more than £2m in two days with deal duo

Read article Right Arrow

How should the OfS regulate the exercise of academic freedom?

11 Feb

Education

How should the OfS regulate the exercise of academic freedom?

Read article Right Arrow