Acuity Law advises Dulas Ltd on its acquisition of Polestar Cooling Limited
Key Contact: Natalie Jones
Acuity Law is pleased to have advised Dulas Ltd (Dulas) on its acquisition of Polestar Cooling Limited (Polestar), a specialist manufacturing plant based in Bognor Regis, West Sussex.
Dulas is a renewables company which has a long history in the cold chain industry. Polestar was founded in 2003, and has established itself as a leader in industrial, laboratorial and medical refrigeration.
Keeping vaccines and blood donations cool is a major concern across the developing world and Dulas pioneered solar direct drive (SDD) vaccine refrigerators in 1982 and has been a market leader in this technology ever since. Dulas has worked closely with Polestar for around twenty years to deliver this refrigeration technology to primary healthcare facilities across developing nations. In 2016, this relationship was strengthened when Dulas acquired 50% of the shares in Polestar.
Dulas’ managing director Ruth Chapman, said:
“Dulas has worked closely with Polestar since our inception. Our refrigerators have been deployed to over 80 countries and we’ve supported countless public health initiatives. Technology likes ours could become a component in the fight against COVID-19 should a liquid vaccine be needed. BY acquiring Polestar, we can focus on scaling up our production alongside developing new and valuable refrigeration technologies.”
Ruth also added:
“We look forward to the future of Dulas’ innovation, knowing that this acquisition will put us on the strongest of footings to continue to lead the refrigeration sector. This is an exciting milestone for the company, and excellent news for shareholders, clients and for the wider industry.”
Senior Associate Natalie Jones led the transaction, assisted by Solicitor Elena Visser.
