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Strategic acquisition: Mavco and Avenue Capital Group acquire Hubergroup for global growth
2024-11-22 08:42
Mavco Investments and Avenue Capital Group have signed an agreement to acquire Hubergroup, a leading global provider of specialty chemicals and print solutions. This strategic move is intended to accelerate Hubergroup’s growth and strengthen its international market position.
In a significant development for Hubergroup, the company has announced the completion of a purchase agreement with a consortium of Mavco Investments and Avenue Capital Group. This acquisition marks an important step in Hubergroup’s strategy to further establish itself as a provider of packaging-focused print solutions and chemicals on a global scale.
Strategic Focus on Sustainable Growth
The deal highlights the shared commitment to long-term, sustainable growth. Mavco, a private investment vehicle of the Murugappa family, and Avenue Capital Group, a global investment firm, bring extensive industry and investment expertise. Together, they aim to leverage Hubergroup’s market potential to expand its presence in key international markets and drive innovation.”We are very excited about this partnership and the potential it holds for Hubergroup’s future,” said M.A.M. Arunachalam, Director of Mavco Investments. “With our combined resources and strategic vision, we aim to unlock new growth opportunities and strengthen Hubergroup’s global presence.”
Expanding Market Reach
The backing from the consortium enables Hubergroup to capitalize on the rising demand for high-quality chemicals and print solutions, particularly in high-growth regions. This partnership will assist Hubergroup in expanding its operations and enhancing its ability to meet the growing market demands.Hubergroup’s management, led by Chief Transformation Officer Britta Hübner, expressed confidence that the acquisition will provide the necessary resources to accelerate the company’s growth and innovation efforts. With over 258 years of history, Hubergroup is well-positioned to further strengthen its competitiveness in the global market for print solutions and specialty chemicals.
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