Bracebridge advises on £33m Addmaster sale

Bracebridge Corporate Finance has advised on the £33m sale of Addmaster to Swedish company Polygiene for £33 million.

Addmaster is one of the UK 's leading suppliers of antibacterial additives.

It 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.

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 Biomaster can give up to 99 per cent 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. ”

Andy Moore (pictured), managing director at Bracebridge Corporate Finance, said: “We have worked with Addmaster over the last three 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 ”.

Adam McGiveron and Emma Bryant of Shakespeare Martineau provided legal advice to the sellers.