Heubach closes strategic liquidity reserve package of USD100m
Vienna (December 14th, 2023) – Heubach Group, a leading provider of comprehensive color solutions, announces the successful closure of a strategic liquidity reserve package of around USD100m provided by existing lenders. This agreement is an essential part of the group’s efforts to strengthen its financial position and capitalize on its operational adjustments to strategically grow the business.
”Market conditions in the pigment industry have been challenging for several quarters. The strategic liquidity reserve package is a critical milestone for the future of our company. Further steps regarding operational adjustments to strengthen the financial position are under way”, says Stefan Doboczky, CEO of Heubach Group, outlining the path of the strategic roadmap.
The successful closure of the liquidity package gives the needed flexibility to act as the trusted “partner of choice” for both customers and suppliers. It is also key to support the group’s strong business relationship with its whole stakeholder ecosystem. More than 200 years of excellence, the broadest portfolio in the industry and a very strong geographic footprint create the foundation for the global pigments powerhouse.