- INEOS Composites is being sold for €1.7bn.
- The business has annual sales of over €800m and 900 employees.
- Completion is expected in the first half of 2025, subject to approvals.
- INEOS Composites produces unsaturated polyester resins, vinyl ester resins, and gelcoats.
Transaction Overview
INEOS Enterprises has agreed to sell INEOS Composites to KPS Capital Partners for approximately €1.7 billion. The deal is expected to close in the first half of 2025, pending regulatory approvals and consultation processes, particularly concerning the French business.
Business Details
INEOS Composites generates over €800 million in annual sales and employs around 900 people across 17 sites and 3 technology centers located in Europe, North and South America, Asia, and the Middle East. The company is a leading global manufacturer of unsaturated polyester resins, vinyl ester resins, and gelcoats, which are used in plastic composites for various applications.
Strategic Intent
KPS Capital Partners plans to leverage its experience in process industries to enhance INEOS Composites' profitability and foster an entrepreneurial culture focused on innovation and customer experience. The acquisition aligns with KPS's strategy of investing in manufacturing and industrial companies to improve their strategic position and competitiveness.
