INEOS Enterprises to sell INEOS Calabrian to Ecovyst
- INEOS Enterprises agreed to sell INEOS Calabrian to Ecovyst.
- Transaction value is $190 million.
- INEOS Calabrian produces ultra-pure sulphur dioxide and derivatives at sites in Port Neches, Texas and Timmins, Ontario.
- Completion is expected by the end of June 2026.
Transaction details
INEOS Enterprises has agreed to sell INEOS Calabrian, its ultra-pure sulphur dioxide and derivatives business, to Ecovyst for $190 million.
Sites and operations
INEOS Calabrian operates manufacturing sites in Port Neches, Texas, and Timmins, Ontario; INEOS will continue to operate the business as usual until completion with no change to customer or supplier arrangements.
Timeline and rationale
Completion is expected by the end of June 2026. Ashley Reed, Chairman of INEOS Enterprises, said Calabrian has been part of INEOS Enterprises for ten years and delivered significant improvements in safety, operational performance and financial results, but is not a core fit within INEOS’s long-term portfolio, and that Ecovyst is well placed to support its next phase of growth.
Advisors
INEOS was advised by Piper Sandler and Slaughter and May.
Source: INEOS