Schedule a Call Back
Murugappa family to acquire hubergroup in $310 million deal
Industry News- Dec 02,24
The partnership will enable hubergroup to capitalise on emerging opportunities in regions with growing demand for high-quality chemicals and print and packaging solutions.
hubergroup, a global leader in specialty chemicals and print solutions, is set to be acquired by a consortium comprising MAVCO Investments, a private investment entity linked to select members of the Murugappa family, and Avenue Capital Group, a prominent global investment firm. The consortium has signed a sale and purchase agreement to acquire hubergroup’s shares from Cornelius Treuhand Holding, with the transaction subject to regulatory approvals.
The $310 million deal includes $160 million to refinance hubergroup’s debt and $150 million in equity investment from Murugappa, along with additional working capital. This investment aims to solidify hubergroup's financial stability, enhance its market position, and drive growth in key sectors.
Arunachalam (Arun Murugappan), Director, MAVCO Investments, stated, “This partnership with hubergroup aligns with our strategic entry into global print and packaging solutions. Together with Avenue Capital Group, we aim to expand hubergroup’s presence in international markets and deliver exceptional value to its business partners.”
Pankaj Goel, Head-Partnerships Asia Pacific, and Rohit Santani, Head-India, Avenue Capital Group, emphasised their commitment to unlocking hubergroup’s potential. They highlighted the consortium's vision to drive transformative growth by leveraging MAVCO’s strategic expertise and hubergroup’s innovative capabilities.
The partnership will enable hubergroup to capitalise on emerging opportunities in regions with growing demand for high-quality chemicals and print and packaging solutions. The financial backing will support expansion into new and existing markets, strengthening hubergroup’s global footprint.
Florian Dausend and Markus Stadler, Managing Partners, Cornelius Treuhand Holding, expressed confidence in the consortium’s ability to ensure hubergroup’s sustained growth and success worldwide. “This partnership secures a strong foundation for hubergroup’s future, fostering stability and strategic growth,” they stated.
This acquisition marks a significant milestone for the Murugappa family, positioning them as key players in the global specialty chemicals and print solutions industry.
(The Packman)
Related Stories
Automation & Robotics
Cyient and Micware sign Mou to deliver innovative mobility solutions
By leveraging Cyient’s engineering excellence and Micware Navigations’ expertise in mobility software, the collaboration will develop integrated solutions that cater to the evolving needs of mod..
Read moreElectrical & Electronics
Grew Solar partners with Acme Solar for Bikaner solar project
To meet the surging demand for solar energy and innovative solutions, GREW Solar has implemented strategic plans focused on advanced technologies and reliability.
Read moreProcess Equipment
Praj Industries appoints Ashish Gaikwad as managing director
Gaikwad will succeed Shishir Joshipura, CEO & MD, who will complete his tenure on June 30, 2025.
Read moreRelated Products
Programmable Controllers - Pcd-33a Series
CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS
Pro-Med Instruments (P) Ltd offers a wide range of programmable controllers - PCD-33A Series.
Gasket Graphite Powder
CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS
Arihant Packing & Gasket Company offers a wide range of gasket graphite powder.
Asahi Kasei expands 3D printing filament sales in North America
CHEMICAL PROCESS, FOOD/PHARMA EQUIPMENT & ANALYTICAL INSTRUMENTS
Asahi Kasei, a leading resin and compounding technology provider, has initiated the sales of 3D printing (3DP) filaments in North America through Asahi Kasei Plastics North America (APNA). The soft la Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
