Penningtons Manches Cooper’s corporate team in Birmingham has advised Polygiene, the Sweden based world leader in “stays fresh technologies”, on its acquisition of SteriTouch from the privately owned British company Radical Materials Limited.
Polygiene® Stays Fresh technologies ensure clothes, accessories, home products, textiles, and other materials stay fresh longer. SteriTouch is a global supplier of highly effective antimicrobial additives for plastics, paints, coatings, silicone, rubber and textiles. This acquisition sees great synergy opportunities for Polygiene to increase its market share in antimicrobial products for plastics, coatings and paints.
"The acquisition of SteriTouch is fully in line with our new growth strategy and the obvious synergies with Biomaster’s anti-microbial business, makes this a very welcome addition to the group. We’ve really valued the expertise and commercial advice from Adam, Emma and their wider team throughout, enabling us to accelerate our growth strategy in 2022 with this important acquisition.", says Ulrika Björk, CEO of Polygiene.
Birmingham based corporate partners Adam McGiveron and Emma Bryant led on the deal from the Penningtons Manches Cooper corporate team and, with the deal also including SteriTouch’s customers, formula and brand, additional expertise and support across the wider Penningtons Manches Cooper full-service offering came from commercial senior associate Oliver Kidd and employment senior associate Charissa Upton.