# 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.

- Type: Acquisition
- Announced: 2024-12-02
- Value: $1.80B (1.70B EUR)
- Jobs: 900
- Status: announced
- Products: unsaturated polyester resins, vinyl ester resins, gelcoats
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [INEOS Enterprises](https://endata.com/companies/33510.md)
- [KPS Capital Partners](https://endata.com/companies/1184.md) (acquirer)
- [INEOS Enterprises](https://endata.com/companies/33510.md) (partner)
- [INEOS Composites](https://endata.com/companies/81453.md) (target)

## Sources

- [ineos.com](https://www.ineos.com/news/shared-news/ineos-enterprises-enters-agreement-for-the-sale-of-ineos-composites/), 2024-12-02: "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."
- [law360.com](https://www.law360.com/articles/2268653/kps-to-acquire-resin-maker-ineos-composites-in-1-8b-deal), 2024-12-03: "Private equity shop KPS Capital Partners LP, advised by Paul Weiss Rifkind Wharton & Garrison LLP, on Tuesday announced plans to buy resin maker Ineos Composites, led by Slaughter and May, for roughly €1.7 billion ($1.8 billion)."
- [prnewswire.co.uk](https://www.prnewswire.co.uk/news-releases/kps-capital-partners-to-acquire-composites-business-from-ineos-enterprises-302321118.html), 2024-12-03: "KPS Capital Partners, LP announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire INEOS Composites from INEOS Enterprises Holdings II Ltd for an estimated consideration of approximately €1.7bn at completion."
- [newswire.ca](https://www.newswire.ca/news-releases/kps-capital-partners-fera-l-acquisition-de-composites-business-d-ineos-enterprises-850659905.html), 2024-12-03: "Nous sommes ravis d'acquérir INEOS Composites, un important fabricant mondial de résines composites spécialisées."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.