Huber Energy LLC
11451 Katy Fwy # 400, Houston, Texas, United States

Huber has been active in oil and gas exploration, development and production since 1919. Today, Huber Energy focuses on natural gas properties in areas of the U.S. that match its geological and technological expertise. Many of these sites are located in the energy-rich Powder River Basin in Wyoming.

Huber Energy has created a transactional business model. Experts use 3-D seismic modeling to identify natural gas properties with great potential. Huber then acquires the most promising sites, develops new wells and ultimately sells the property to the right buyer at the right time.

Huber Energy has pioneered innovative drilling techniques that have enabled the business to minimize the amount of drilling required. This not only reduces costs, it reduces Huber’s environmental footprint.

Among the largest privately held companies in the United States, Huber has remained family-owned since its inception in 1883. This has allowed Huber to pursue its goals with a focus on the long-term—a fitting perspective given the company’s heritage of 130 years.

Over the years, Huber has built a diverse portfolio of businesses. Our products are used in a broad range of consumer and industrial applications in industries such as oral care and personal care, food and beverage, forestry management and building materials.

Individually, our businesses play a leading role in the industries they serve. Together, they form a global company with approximately 4,000 employees in more than 20 countries. While our businesses serve many different customers and markets, they all share a commitment to adhere to our core values, the Huber Principles, everywhere we operate.

When Joseph Maria Huber arrived in New York from Germany in 1883, he was greeted by an America that was bursting with industry and invention, including the birth of a new mass media—newspapers, magazines and advertising.

Just as railroads, telephones and steam engines had transformed America, so too would the emergence of mass media. It would push American popular culture across the globe. Yet this national identity wasn’t forged by Carnegie’s steel or fueled by Rockefeller’s oil. It was fed by an unquenchable demand for ink—Huber’s ink. Indeed, the rapid growth of the communications and advertising industries created greater demand for ink than ever.

Against this backdrop, Joseph Maria Huber launched his business with a single manufacturing plant, creating dry colors, which are pigments used to produce inks. Over the years, the J.M. Huber Corporation has constantly evolved—entering new markets, serving new industries, expanding its global presence. Yet one thing has remained unchanged: the importance of family ownership.

Today, Huber is one of the largest privately held companies in the U.S. As the company welcomes its sixth generation of Huber family members, it continues to carry on the legacy of Joseph Maria Huber by adhering to the Huber Principles, the foundation for the way the company conducts business everywhere it operates.

Here are some highlights from Huber’s history:

• The early years: Huber enters emerging industries (1883-1930s)
• Rapid expansion, rapid growth (1940s-1970s)
• Acquisition, innovation, diversification (1970s-1980s)
• Transforming the organization (1990s)
• Pursuing profitable growth through a focus on engineered materials (21st Century)
• Dramatic expansion in Asia Pacific
• Huber’s approach to natural resources
• Transitioning to a Portfolio Management Company

Our Vision

Huber will build a diverse world-class portfolio of Engineered Materials businesses.

Each of our individual businesses will:

• Grow profitably and possess a defensible competitive advantage.

• Continually improve their results in living by the Huber Principles.

To achieve the Corporate Vision, Huber will focus on five major strategic priorities in the years ahead. For each priority, we will set annual goals and establish major milestones to drive progress.

• Embed the Huber Principles Globally

We will take extra steps to ensure the Huber Principles are preserved and strengthened as Huber continues its international expansion and migrates to a more decentralized portfolio model. For each Huber Principle, we will establish specific metrics to evaluate our performance, as well as new processes to share best practices. The corporation will report annually to the board and shareholders on its progress in living by the Principles.

• Build a High-Performing Business Portfolio

We will invest preferentially in businesses that have an attractive outlook for profitable growth and sustainable competitive advantage. We will apply portfolio management best practices to optimize capital deployment, manage critical risks and strengthen corporate governance. We will create an in-depth investment thesis for each business to help identify the best portfolio business mix to meet Huber’s objectives for growth, risk and return.

• Develop Human Resources and Leadership Talent

We will build deeper bench strength for future corporate and business leadership. We will monitor each portfolio business to ensure they have a well-designed process for succession planning, employee learning and leadership development. We will implement a selective corporate program for our core talent pool to drive critical leadership themes such as diversity, portfolio management and strong Huber family-management communications.

• Align Capital Structure to Support Long-Term Goals

We will evolve Huber’s capital structure to align with the company’s long-term goals for growth, liquidity and risk appetite. Over time, we expect to reduce leverage so the total portfolio can return to and maintain investment-grade performance. We will also seek out opportunities in the years ahead to enhance shareholder liquidity, including consideration of third-party equity as an alternative potential source of funding.

• Leverage Family Ownership to Our Advantage

We will strive to capture important benefits from being a family-owned company with a stable shareholder base that is committed to the Huber Principles and vested in our long-term success. We will communicate transparently with our shareholders to enable trust-based relationships among management, board and family members. We will work in concert with the Huber family regarding its goals for company education, family employment and board governance.