hubergroup, a global leader in specialty chemicals and print solutions, is pleased to announce the signing of a sale and purchase agreement with a consortium between MAVCO Investments, a private investment vehicle belonging to select members of the Murugappa family, and funds managed by Avenue Capital Group, a global investment firm.
The consortium will acquire all shares in the company from the current owner, Cornelius Treuhand Holding. The completion of the transaction is subject to the required regulatory approvals. This partnership marks a significant milestone in hubergroup’s journey toward becoming an internationally leading, fully integrated, packaging-focused print solutions provider with an expanding chemicals business.
A strategic alliance for sustainable growth
The planned investment in hubergroup by the consortium signifies a commitment to long-term, sustainable growth. The combination of proven operational track record and strategic industrial expertise of the partnering Murugappa family members, along with the investment expertise of Avenue Capital Group provides hubergroup with a unique platform to enhance its market position, strengthen its financial base, and increase investments in high impact areas.
M.A.M. Arunachalam (also known as Arun Murugappan), Director of MAVCO Investments, said: “We are excited to announce our partnership with hubergroup, an organization with a rich heritage spanning multiple centuries. This collaboration marks our strategic entry into the global print / packaging solutions and allied products. Together with Avenue Capital Group, we are committed to accelerating hubergroup’s growth in key international markets and enhancing its ability to deliver exceptional value to all its business partners worldwide.”
Pankaj Goel, Head of Partnerships Asia Pacific, and Rohit Santani, Head of India for Avenue Capital Group, said: “We are excited to partner with MAVCO to unlock hubergroup’s potential in new and existing markets and deliver robust and profitable growth for the years to come. MAVCO’s strategic vision and operational expertise combined with hubergroup’s drive for innovation and growth potential fits perfectly with our approach to back transformative businesses.”