Industry News, Ink Manufacturers News, Mergers and Acquisitions

hubergroup to be Acquired by MAVCO Investments, Avenue Capital

hubergroup employs approximately 3,000 people in almost 30 countries and generated annual sales of around €812 million in 2022.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

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 milest...

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