hubergroup to be Purchased by MAVCO Investments, Avenue Capital

hubergroup announced 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.”

“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,” Pankaj Goel, head of partnerships Asia Pacific, and Rohit Santani, head of India for Avenue Capital Group, said. "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."

Unlocking Market Potential in Key Regions

This investment also allows hubergroup to capitalize on high-growth opportunities across geographies. The regions where demand for high-quality chemicals and print/packing solutions is growing, represent significant areas for expansion.

The backing from the consortium will allow hubergroup to meet this demand and unlock new market potential.

"As trustees, our priority has been to ensure a robust and strategically sound future for hubergroup,” Florian Dausend and Markus Stadler, managing partners of Cornelius Treuhand Holding, said. “We are confident that the consortium provides the ideal foundation for hubergroup’s growth, stability, and continued success across the globe."

Building on a Solid Foundation

The hard work and dedication of hubergroup’s team over recent years have laid the groundwork for this partnership. Together, the company’s employees have navigated challenges, implemented changes, and are now well-positioned to leverage the opportunities that this acquisition presents. With improved access to financial and strategic resources, hubergroup will be empowered to accelerate its innovation efforts and expand its footprint in key markets.

“This acquisition is proof of the resilience and commitment of our entire team,” Britta Hübner, chief transformation officer of hubergroup, said. "Our efforts to transform into a robust, sustainable foundation have paid off, and together with the consortium we are well positioned for significant growth and industry leadership."

hubergroup is an international printing inks and chemicals specialist based in Germany with a history stretching back more than 258 years. In its two divisions, the company develops innovative, sustainable products and services to enable its customers to achieve first-class results.

The Print Solutions Division produces inks, varnishes and printing auxiliaries for packaging, commercial and newspaper printing. The Chemicals Division produces specialty chemicals such as resins, laminating adhesives, pigments and additives at its plants in India. hubergroup employs approximately 3,000 people in almost 30 countries and generated annual sales of around €812 million in 2022.

MAVCO is a private investment vehicle led by M.A.M Arunachalam, Vellayan Subbiah and Arun Venkatachalam of the Murugappa Family with rich and diverse experience of managing businesses across industries in India.

Avenue Capital Group is a global investment firm focused on making special situations investments across the United States, Europe and Asia. Avenue, founded in 1995 by Marc Lasry and Sonia Gardner, draws on the skills and experience of over 60 investment professionals and more than 180 employees operating from its headquarters in New York and offices in Europe, Asia and Abu Dhabi. Avenue has more than $12 billion in assets under management.