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AIMIA ANNOUNCES CLOSING OF BOZZETTO TRANSACTION
AIMIA ANNOUNCES CLOSING OF BOZZETTO TRANSACTION Canada NewsWire (All figures ...
About this update from Aimia Inc.
[{"type":"text","content":"\n \n \n \n AIMIA ANNOUNCES CLOSING OF BOZZETTO TRANSACTION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n (All figures in Canadian dollars unless otherwise noted)\n \n \n \n \n SECOND MAJOR ACQUISITION OF 2023 ESTABLISHES STRONG GROWTH PLATFORM FOR AIMIA\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 9, 2023\n \n \n /CNW/ - Aimia Inc. (TSX: AIM), a holding company focused on long-term global investments, is pleased to confirm that it has closed the previously announced acquisition of\n \n Giovanni Bozzetto S.p.A\n \n . (referred to as \"Bozzetto Group\", \"Bozzetto\", the \"Company\"). Bozzetto is one of the world's largest ESG-focused providers of specialty sustainable chemicals, serving over 1,500 clients with a portfolio of over 2,000 products. All amounts denominated in Euros below have been translated at the closing date of\n \n May 9, 2023\n \n at an exchange rate of 1.4685.\n \n \n \n Phil Mittleman\n \n , CEO of Aimia, said: \"Today marks an important milestone for Aimia as we close our second acquisition since the sale of our PLM stake in the second half of last year. With over 100 years of operations, high EBITDA margins coupled with strong free cash flow conversion and a fantastic management team, Bozzetto represents an outstanding opportunity for Aimia to own one of the world's largest ESG-focused providers of specialty sustainable chemicals. Bozzetto, as well as our previously announced acquisition of Tufropes, will form the backbone of our strategy to continue to acquire businesses that generate significant cash flow for Aimia while presenting strong opportunities for further growth.\"\n \n \n Aimia invested\n \n $206.3 million\n \n (&...