The British chemical company Ineos announces the completion of the sale of its Composites division to the US investment company KPS Capital Partners.
 

Ineos has sold the composites segment to the investment company KPS Capital Partners for a price of 1.7 billion euros, according to its own statements. According to Ineos, the business unit is a leader in the production of resins and gelcoats, which are used to manufacture lightweight composite plastics with high stability. According to the company, these are used in many areas, from cars and boats to buildings and electronics. The resins and coatings are said to enable the optimisation of certain product properties such as fire and water resistance, protection from sunlight, insulation and durability. The production of composite materials is reported to generate annual sales of more than €800 million and employ around 900 people at 17 sites and three technology centres in Europe, North and South America, Asia and the Middle East. Under the new ownership of KPS Capital Partners, Ineos Composites is to be transferred to the newly founded company Alta Performance Materials and will continue to be managed by the current CEO Andrew Miller, it was reported. Ashley Reed, Chairman of INEOS Enterprises, said: ‘We are very pleased to have completed this transaction with KPS, which builds on the strong foundation that INEOS has created over the last five years. We are confident that the business unit will continue to grow and be successful in the coming years under the ownership of KPS.’
 
Sources:

• INEOS press release (31.3.2025)
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