Ineos Composites is to be acquired from KPS Capital Partners for an estimated purchase price of EUR 1.7 billion. The deal is expected to close in 2025, subject to regulatory approvals.

Ineos Enterprises has reached an agreement to sell the Ineos Composites business to KPS Capital Partners for an estimated purchase price of approximately EUR 1.7 billion at closing.

The proposed deal is expected to close in the first half of 2025, subject to regulatory approvals and consultation procedures (in particular with regard to the French business, for which the parties have entered into exclusive negotiations).

The company generates a total turnover in excess of €800 million per year and employs approximately 900 people at 17 sites and three technology centres in Europe, the Americas, Asia and the Middle East.

Ineos Composites is a manufacturer of unsaturated polyester resins, vinyl ester resins and gelcoats, which are used in the production of plastic composites for a variety of applications in major global end markets.

The company sells a wide range of resins that enable customers to optimise certain properties of their products, including corrosion resistance, fire retardancy, UV resistance, water and chemical resistance, thermal and electrical insulation, impact and scratch resistance, and high strength-to-weight ratios.