# Mavco and Avenue Capital to acquire Hubergroup for $310M

A consortium of Mavco Investments and Avenue Capital Group has signed an agreement to acquire all shares of German specialty chemicals firm Hubergroup from Cornelius Treuhand Holding for $310 million. The transaction is subject to regulatory approvals.

- Type: Acquisition
- Announced: 2024-11-13
- Where: Kirchheim, Germany, Germany
- Value: $310.0M
- Status: announced
- Products: printing inks, varnishes, printing auxiliaries, resins, laminating adhesives, pigments, additives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Hubergroup](https://endata.com/companies/11902.md) (target)
- [Mavco Investments](https://endata.com/companies/81138.md) (acquirer)
- [Avenue Capital Group](https://endata.com/companies/81139.md) (acquirer)
- [Cornelius Treuhand Holding](https://endata.com/companies/81140.md) (partner)

## Sources

- [packagingsouthasia.com](https://packagingsouthasia.com/invest-ma-jv/murugappas-buy-hubergroup/), 2024-11-19: "The consortium will acquire all shares in the company from the current owner, Cornelius Treuhand Holding."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/murugappa-group-set-to-acquire-hubergroup-after-regulatory-clearance/article69036841.ece), 2024-12-28: "This acquisition marks our strategic entry into the global print/packaging solutions and allied products."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.