Addvanze was founded in Helsingborg in 2010 by Åke and Agneta Berg. Addvance is a leading developer, producer, and marketer of colour, and additive masterbatch. Addvanze provides demanding customers around Europe with environmentally friendly, first-class, and cost-effective products tailored to their unique requirements. The customers are manufacturers of packaging for food, hygiene products as well as products for material handling. Addvance currently has sales of approximately SEK 80 million with good profitability and 22 employees.
The buyer is Israeli Kafrit Indutries Ltd, a leading producer a leading producer of Masterbatches and Compounds for the plastics industry and currently employs 450 people. In 2018, the Group achieved a 220 million $ turnover with an available capacity of more than 80,000 MT. Through the acquisition of Addvanze, Kafrit expands its geographical coverage and broadens its already strong customer offering.
Marcus Rex, IMAP, comments: Given Covid, this has undeniably been an interesting process where most of the process took place over Microsoft Teams when Kafrit was unable to visit Sweden. This has placed high demands on all parties involved in the process, but through hard work and flexibility beyond the ordinary, it feels great to have been able to carry out the process. Addvanze is a well-run specialist company, and we had a great deal of interest from several international parties during the process.
IMAP advised the sellers throughout the sales process.