# Maip Group to acquire Bio-On via Haruki for €20M

The Turin-based Maip Group, through its subsidiary Haruki Spa, has received court approval to acquire bankrupt bioplastics company Bio-On for €20 million. The plan is to restart PHA production at the Castel San Pietro plant.

- Type: Acquisition
- Announced: 2023-03-11
- Where: Castel San Pietro, Italy
- Value: $21.3M (20.0M EUR)
- Status: announced
- Products: PHAs (polyhydroxyalkanoates) bioplastics
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Bio-on](https://endata.com/companies/4409.md) (target)
- [Maip Group](https://endata.com/companies/69073.md) (acquirer)
- [Haruki Spa](https://endata.com/companies/69074.md) (acquirer)

## Sources

- [ilsole24ore.com](https://www.ilsole24ore.com/art/bio-on-l-ex-unicorno-bioplastiche-salvato-gruppo-torinese-maip-AE8u3I2C), 2023-03-11: "Le tecnologie sviluppate da Bio-On tra il 2008 e il 2019 sono ancora oggi all'avanguardia mondiale."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.