INEOS Enterprises agrees to sell INEOS Composites to KPS Capital Partners for €1.7 billion

INEOS Enterprises entered into an agreement to sell its INEOS Composites business to KPS Capital Partners for an estimated consideration of approximately €1.7 billion. The business has combined sales of over €800 million per year and employs about 900 people across 17 sites and 3 technology centres.

“INEOS Enterprises has entered into an agreement for the sale of the INEOS Composites business to KPS Capital Partners, LP (“KPS”) for an estimated consideration of c. €1.7bn at completion.”ineos.com

• 4 sources
• ineos.comINEOS Enterprises enters agreement for the sale of INEOS CompositesDec 2, 2024
• law360.comKPS To Acquire Resin Maker Ineos Composites In $1.8B Deal - Law360Dec 3, 2024
• prnewswire.co.ukKPS CAPITAL PARTNERS TO ACQUIRE COMPOSITES BUSINESS FROM INEOS ENTERPRISESKPS Capital Partners, LPDec 3, 2024
• newswire.caKPS CAPITAL PARTNERS FERA L'ACQUISITION DE COMPOSITES BUSINESS D'INEOS ENTERPRISESKPS Capital Partners, LPDec 3, 2024

Summarized from public sources; check the original articles before acting on it.