KPS Capital Partners, LP announced that, through a newly formed affiliate, it has signed a definitive agreement to acquire INEOS Composites from INEOS Enterprises for an estimation of approximately EUR 1.7 billion at completion.

KPS Capital Partners, LP announced that it will acquire INEOS Composites. (Source: INEOS)

Completion of the transaction is expected in the first half of 2025 subject to regulatory approvals and consultation processes.

“We will leverage KPS’ successful, multi-decade experience of investing in process industries, along with our commitment to manufacturing excellence and global network, to drive profitability and create an entrepreneurial culture centered on innovation, continuous improvement and superior customer experience,” said Raquel Vargas Palmer, Managing Partner of KPS.

More on INEOS Composites

INEOS Composites is a global manufacturer of unsaturated polyester resins, vinyl ester resins and gelcoats used in the production of plastic composites for applications, including building materials, recreation, transportation and wind energy.

The company sells a broad range of resins that allow customers to optimize certain characteristics of their products, including corrosion resistance, fire retardance, ultraviolet resistance, water and chemical resistance, thermal and electrical insulation, impact and scratch resistance, and high strength-to-weight ratios.

Its Headquarters are in Dublin, Ohio, and Barcelona, Spain. In addition, it operates 17 manufacturing facilities and three technology centers across North and South America, Europe, Asia and the Middle East.