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Hubergroup enters next growth phase under new ownership
With new owners Mavco Investments and Avenue Capital Group, Hubergroup is set to accelerate its strategic transformation. The company aims to strengthen its global market presence through innovation, operational excellence and a broadened leadership team.
Hubergroup has successfully completed its acquisition by a consortium consisting of Mavco Investments and Avenue Capital Group. The deal, originally announced on 12 November 2024, received full regulatory clearance and officially closed on 8 April 2025. Active globally in specialty chemicals and print solutions, Hubergroup sees this transition as the foundation for sustainable global expansion.
Vellayan Subbiah, Director of Mavco Investments – a private investment entity owned by select members of the Indian Murugappa family – underlined the group’s long-term commitment. The focus will be on strengthening innovation, infrastructure and talent to unlock Hubergroup’s full growth potential. Avenue Capital shares this ambition and emphasises the strategic fit of the collaboration, especially with regard to expansion in existing and new markets.
Leadership transition and strategic repositioning
The change in ownership comes with a realignment of the leadership structure. Former Group CFO Premal A. Desai will step into the role of Chief Executive Officer. The new Management Board will comprise five members, including Desai. Taner Bicer (Chief Commercial Officer – Chemicals), Carsten Zölzer (Chief Commercial Officer – Print Solutions), and Dr Arup Basu (joining in June 2025 as Chief Operating Officer, India) will support him. A new CFO is expected to be appointed in the coming months; until then, Desai will act in a dual role as CEO and interim CFO.
Britta Hübner, who served as Chief Transformation Officer since 2021, will step down following the closing but remain involved as an external advisor. She played a central role in the transformation process and in preparing the company for its ownership transition.
Global reach and future ambitions
With production sites in Europe and India, and a growing footprint in international markets, Hubergroup is well-positioned for the next phase of growth. The company aims to further strengthen its capabilities in the specialty chemicals segment while expanding its established leadership in print solutions. CEO Premal Desai noted that, coinciding with its 260-year anniversary, this transaction represents a key milestone – driven by innovation, quality and a clear long-term growth strategy.
