Acquisition strengthens Bozzetto in Americas
Press release provided by Bozzetto Group
Filago, Italy – 22 January, 2024 – Bozzetto Group, a leading international chemical producer headquartered in Italy, proudly announces the successful acquisition of a 65% ownership stake in Starchem S.A.
“This strategic move is a testament to Bozzetto Group's commitment to expanding our global footprint and strengthening our position as a key player in the specialty chemical industry,” said Roberto Curreri, CEO of Bozzetto Group.
Starchem’s existing managers will retain a 35% ownership stake, providing a platform for a collaborative approach to drive mutual success. This acquisition is built upon a solid foundation, as the two companies have enjoyed a robust multi-year partnership that has laid the groundwork for more significant accomplishments.
Established in 2007, Starchem operates two production facilities in Honduras. These facilities have a total installed production capacity of approximately 20,000 Metric Tonnes (MT) per year, with potential for expansion.
Honduras is one of the world’s largest textile markets, with a focus on cotton production for some of the largest U.S. textile manufacturers.
Bozzetto’s acquisition of Starchem expands its geographical presence into the Americas, fulfilling a key element of its growth strategy.
Mr. Curreri added, “The integration of Starchem into Bozzetto Group's operations, coupled with the continued involvement of its existing management, is expected to create profitable synergies that will drive operational efficiency and accelerate market development.”
The combination of Bozzetto and Starchem expertise not only strengthens the Group’s global market presence but also demonstrates the commitment to fostering long-term relationships. Moving forward, Bozzetto Group remains steadfast in upholding the highest standards of environmental responsibility, safety, and corporate integrity.
