- Business
- Aimia Inc. (TSX: AIM-PA.TO) is a diversified holding company headquartered in Toronto, Canada, and founded in 2005 that invests in and manages controlling stakes in global operating businesses across specialty chemicals and industrial manufacturing sectors. The company operates through three main segments: Bozzetto, in which it holds a 94.18% equity interest and which provides sustainable specialty chemicals including textile auxiliaries, water and dispersion solutions for home and personal care, plasterboard, agrochemical, geothermal, and construction markets; Cortland International, a 100%-owned entity that manufactures high-performance synthetic fiber ropes, slings, tethers, and netting solutions for maritime, shipping, aerospace, defense, marine, renewables, oil and gas, and other industrial end markets; and Holdings, which encompasses minority investments such as Clear Media Limited, public securities, and limited partnerships, alongside corporate functions. Aimia serves industrial customers worldwide with geographic operations spanning North America, Europe, Asia, and other regions through its subsidiaries. Recent developments include ongoing normal course issuer bid share repurchases totaling over 8.2 million common shares since June 2024, including 2.1 million through November 2025 to reduce the share price discount to intrinsic value; receipt of a $29.3 million tax refund from the Canada Revenue Agency in 2025 related to a 2013 audit, with an additional $8.5 million expected from Revenu Québec; successful completion of a substantial issuer bid in 2024 that repurchased preferred shares and simplified capital structure in exchange for senior notes; a cooperation agreement with its largest shareholder in 2024; and Q3 2025 financial results showing consolidated adjusted EBITDA of $20.3 million, up 35.3% year-over-year, first net earnings profitability in over three years, and re-iterated full-year guidance of $88-95 million combined adjusted EBITDA from core holdings amid cost reductions at the holding company level to below $9 million.