hubergroup, a global player in specialty chemicals and print solutions, has officially entered a new phase of growth following the successful acquisition by a consortium comprising MAVCO Investments and Avenue Capital Group.
Focus on Global Reach and Long-Term Value
hubergroup aims to expand its global customer base and create long-term value. It now plans to accelerate its strategic transformation. The new ownership marks a turning point for the company. hubergroup now leverages its strengths in specialty chemicals and print solutions.
Backed by Visionary Investors
MAVCO Investments is a private entity representing select members of the Murugappa family. Together with Avenue Capital Group, they bring a shared vision for sustained growth. “We believe in hubergroup’s tremendous potential,” said Vellayan Subbiah, Director at MAVCO Investments. “By investing in innovation, infrastructure, and talent, we are ushering in its next growth phase—fully aligned with our vision as long-term, multi-generational owner-operators,” added Subbiah.
Pankaj Goel, Head of Partnerships Asia Pacific, and Rohit Santani, Head of India at Avenue Capital Group, mentioned, “We’re excited to join forces with MAVCO and unlock hubergroup’s potential in both emerging and established markets. With MAVCO’s strategic direction and hubergroup’s strong foundation, we see robust, profitable growth ahead”.
Acknowledging a Key Transformation Leader
According to the press release, the new owners expressed deep appreciation for Britta Hübner, Chief Transformation Officer. She has been instrumental in the company’s recent transformation and ownership transition. Hübner, who joined in 2021, will step down from her role. She will continue supporting hubergroup as an external advisor to ensure strategic continuity.
“hubergroup’s transformation has been a real challenge—and an even greater accomplishment,” said Hübner. “It’s been an honor to work alongside Taner Bicer, Premal Desai, and Carsten Zölzer, as well as a team full of passion and dedication. The company is now ready to enter a new chapter of growth, and I’m excited to support this journey in an advisory role,” she added.
Strengthened Management to Drive Growth
With this new chapter, hubergroup is also unveiling a reinforced leadership team under the guidance of incoming CEO Premal A. Desai, formerly Group CFO. Desai will continue serving as acting CFO until a new appointment is announced.
The expanded Management Board includes:
- Taner Bicer, Chief Commercial Officer for Chemicals, with 11 years at hubergroup
- Carsten Zölzer, Chief Commercial Officer for Print Solutions, with 21 years of experience at the company
- Dr. Arup Basu, who will join as Chief Operating Officer on June 1, 2025, bringing deep expertise in the chemicals and manufacturing sector
Global Footprint and Vision for the Future
hubergroup has a robust manufacturing presence in India and Europe. Its expanding global reach enables it to deliver high-quality, cutting-edge solutions to customers worldwide.
“As we celebrate hubergroup’s 260th anniversary this year, this milestone transaction signals the beginning of an exciting new growth phase,” said CEO Premal Desai. Our dual strengths in specialty chemicals and print solutions, combined with the backing of MAVCO and Avenue Capital, empower us,” Desai added. “Together, these advantages allow us to pursue our strategic ambitions with renewed vigor.
He added, “We’re deeply grateful to Britta Hübner and our trustee representatives, Prof. Dr. Markus Stadler and Dr. Florian Dausend, for their invaluable support. Most importantly, we thank our employees across the globe—your dedication and hard work have laid the foundation for this future. Together, as ‘ONE huber’, we move forward with passion, excellence, and a bold vision for what’s next.”
