# Bozzetto Group acquires 65% of StarChem for $25 million

Aimia's Bozzetto Group subsidiary signed a definitive agreement to acquire 65% of StarChem, a specialty chemical manufacturer in Honduras, for $25 million, with a potential earn-out of $12.5 million.

- Type: Acquisition
- Announced: 2023-11-06
- Where: San Pedro Sula, Honduras, Honduras
- Value: $18.5M (25.0M CAD)
- Status: announced
- Capacity: 20,000 Metric Tonnes per year
- Products: specialty chemical solutions for textile preparation, dyeing, and finishing
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Aimia](https://endata.com/companies/10196.md) (investor)
- [Bozzetto Group](https://endata.com/companies/44803.md) (acquirer)
- [StarChem S.A.](https://endata.com/companies/73532.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/aimia-s-bozzetto-subsidiary-acquires-65-of-starchem-for-25-million-841321336.html), 2023-11-06: "StarChem has a reputation for excellence, and we are excited to add their highly specialized chemical manufacturing processes to Bozzetto's portfolio."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/aimia-s-bozzetto-subsidiary-acquires-65-of-starchem-for-25-million-841321336.html), 2023-11-06: "StarChem has a reputation for excellence, and we are excited to add their highly specialized chemical manufacturing processes to Bozzetto's portfolio."

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