KPS Capital Partners takes over Ineos Composites: A new global player in the resin industry!

KPS Capital Partners takes over Ineos Composites: A new global player in the resin industry!

In an important transaction, KPS Capital Partners, LP today announced that the company has signed an agreement to assume the Ineos Composites division of Ineos Enterprises. The estimated costs of this takeover amount to around 1.7 billion euros, and the end of the transaction is expected for the first half of 2025, depending on official permits. Ineo's composites, a leading global manufacturer of unsaturated polyester resin, vinylester resin and gelcoats, offers a wide range of products that have been developed for applications in numerous large markets such as building materials, transport and wind energy. As kpsfund.com undertakes ineos composites production sites in northern and South America, Europe, Asia and the Middle East and employs around 900 people.

important details about the takeover

The takeover was described by Raquel Vargas Palmer, managing partner of KPS, as a strategic decision that aims to further strengthen the market position of Ineos Composites. She emphasized the importance of KPS ’experience in the process industry and its commitment to innovation and continuous improvement. Andrew Miller, CEO of Ineos Composites, was optimistic about the possibilities that this takeover offers for the company and emphasized that KPS was the ideal partner to further expand the strengths of the company. According to ots.at Rifkind, Wharton & Garrison LLP and Goldman Sachs supported.

This takeover could have significant effects on the business environment of the affected markets, since Ineos Composites wants to continue to develop products that meet special requirements such as corrosion and UV resistance and thus offer optimal solutions for their customers. According to Ashley Reed, Chairman of Ineos Enterprises, the company has made considerable progress in the past five years and has created a solid basis for future growth. The takeover is therefore considered a step in the right direction to increase the innovative strength and competitiveness of Ineos Composites.