The shareholders of Polygiene, the Swedish supplier of anti-viral solutions, have accepted a proposal to issue new shares to help finance the acquisition of Addmaster Holdings, its very profitable U.K.-based supplier of anti-microbial additives for hard surfaces, for SEK 374 million (€36.7m-$44.7m) in cash and shares. Polygiene, whose sales of ViralOff treatments for textiles are booming because of the Covid-19 pandemic, was founded in 2004 in a spin-off from the Perstorp Group following the outbreak of the SARS pandemic.
Related articles
-
SponsoredStorm Care & Polygiene launch the new Storm x Polygiene Odorcrunch™ Spray
Polygiene and Storm Care have collaborated to develop an odor control spray, that works on a number of different odors including body odors, cooking fumes, smoke and other environmental fumes and odors.
-
Sponsored“For Mindful Living”: The new Polygiene claim and what it means
Polygiene has a new range of technologies that can be used to give products SuperPowers! We take a closer look at them with Polygiene CMO Sean Tindale.
-
ArticleCSG’s acquisition of Kinetic Group is fully backed by JP Morgan Chase
Czechoslovak Group (CSG) has issued a statement reaffirming its commitment to the proposed acquisition of Vista Outdoor’s sporting goods business – recently renamed The Kinetic Group – for a total consideration of $1.91 billion, with fully committed financing from leading US bank JP Morgan Chase. CSG also highlighted the benefits ...
More from Corporate and M&A
-
OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...
-
ArticleSwedish Supreme Court confirms reorganization plan for Sportshopen’s parent
On 15 April, the Swedish Supreme Court confirmed the restructuring plan for Swedemount Sportswear & Fashion AB. The majority of Swedemount’s suppliers and creditor groups had already voted to confirm the restructuring plan in December last year, which was subsequently approved by both the District Court and the Court of ...
-
News briefsRose Bikes with revenue record: Strong 2023 performance despite market challenges
In the fiscal year ending October 31, 2023, Rose Bikes’ total revenue was €189 million, a nine percent increase from the previous year.