Sale of Paint Producer JUB

Sale of Paint Producer JUB

It has been unofficially reported that the paint producer JUB has begun the sale procedure, only considering strategic buyers from the industry – three of whom have supposedly been shortlisted.

The JUB Group employs approximately 800 employees, and has two manufacturing facilities, one in Slovenia and the other one in Serbia. In 2019, the group reported EUR 113.3 million in sales revenue and EBITDA at EUR 14 million. It is said to be an interesting target, mainly due to its strong market share in the former Yugoslavia.

The transaction is estimated at more than EUR 100 million.

It has been unofficially reported that the paint producer JUB has begun the sale procedure, only considering strategic buyers from the industry – three of whom have supposedly been shortlisted.

The JUB Group employs approximately 800 employees, and has two manufacturing facilities, one in Slovenia and the other one in Serbia. In 2019, the group reported EUR 113.3 million in sales revenue and EBITDA at EUR 14 million. It is said to be an interesting target, mainly due to its strong market share in the former Yugoslavia.

The transaction is estimated at more than EUR 100 million.