ADDMASTER
UK additives company snapped up by Swedish rival
Swedish additives group Polygiene (Malmö; www.polygiene.com) has bought Addmaster (Stafford / UK; www.addmaster.co.uk), a 20-year-old additives specialist in the UK founded by managing director Paul Morris. The pair said the deal, which was announced in the second week of January, would allow both companies to offer a wide range of antimicrobial functions, with Polygiene supplying textiles while Addmaster’s “Biomaster” brand contributes solutions for polymers, paints, coatings and paper. Terms of the acquisition were not disclosed.

Welcoming the deal, Ulrika Björk, Polygiene’s chief executive, said the worldwide market for the firm’s products was “vast”, and was expected to grow from USD 5 bn (EUR 4 bn) to USD 10 bn (EUR 8 bn) over the next five years. Polygiene was established in 2004, and in 2019 reported a turnover of SEK 69m (EUR 6.8m) and an operating profit of SEK 6.6m (EUR 655,000).
15.01.2021 Plasteurope.com [246739-0]
Published on 15.01.2021

© 2001-2021 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2021 by Plasteurope.com, Bad Homburg
Date of print: 26.02.2021 04:35:37   (Ref: 52548690)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp