Hubergroup has 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.

As per a press statement issued by the global leader in specialty chemicals and print solutions, "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."

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.

Mavco is a private investment vehicle led by MAM Arunachalam, Vellayan Subbiah and Arun Venkatachalam of the Murugappa Family with experience of managing businesses across industries in India. Avenue Capital Group is a global investment firm with its headquarters in New York and offices in Europe, Asia and Abu Dhabi and over USD 12 billion in assets under management.

Arunachalam (also known as Arun Murugappan), the 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 and packaging solutions and allied products." He added, "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."

Meanwhile 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."

Hubergroup is an international printing inks and chemicals specialist based in Germany with a history of 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 around 3,000 people in almost 30 countries and generated annual sales of around USD 860 million in 2022.