M&A Deal Summary

KPS Capital Partners Acquires Ineos Composites

On December 3, 2024, private equity firm KPS Capital Partners acquired chemicals company Ineos Composites from INEOS Enterprises for 1.7B EUR

Acquisition Highlights
  • This is KPS Capital Partners’ 2nd transaction in the Chemicals sector.
  • This is KPS Capital Partners’ 4th largest (disclosed) transaction.
  • This is KPS Capital Partners’ 40th transaction in the United States.
  • This is KPS Capital Partners’ 1st transaction in Ohio.

M&A Deal Summary

Date 2024-12-03
Target Ineos Composites
Sector Chemicals
Buyer(s) KPS Capital Partners
Sellers(s) INEOS Enterprises
Deal Type Divestiture
Deal Value 1.7B EUR

Target

Ineos Composites

Dublin, Ohio, United States
Ineos Composites manufactures and sells a wide range of general-purpose and high-performance grades of unsaturated polyester and vinyl ester resins, gel coats, and low-profile additives for the plastics industry. Ineos Composites is based in Dublin, Ohio.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 21.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $200 million to $2 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York, New York.


DEAL STATS #
Overall 54 of 55
Sector: Chemicals M&A 2 of 3
Type: Divestiture M&A Deals 24 of 25
State: Ohio M&A 1 of 1
Country: United States M&A 40 of 41
Year: 2024 M&A 5 of 5
Size (of disclosed) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Crane Composites

Channahon, Illinois, United States

Crane Composites is a designer and manufacturer of high-quality fiberglass reinforced plastic (“FRP”) composite products. The company offers a comprehensive portfolio of best-in-class products, including wall and ceiling panels used in commercial construction, sidewall and roof panels for recreational vehicles and interior liners and roof panels for trailer and truck bodies. Crane Composites is based in Channahon, Illinois.

Buy $227M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-10 Hussey Copper

Leetsdale, Pennsylvania, United States

Hussey Copper is a manufacturer of copper bus bars and other copper products in the United States. With a fully integrated mill, the company provides a wide range of flat-rolled copper products for the electrical distribution, industrial and residential construction markets. As a fully integrated producer, Hussey manufactures its products by melting and casting its copper to provide the finished product or component part. Hussey produces a wide range of copper and, to a lesser extent, copper-nickel products. Hussey Copper was founded in 1848 and is based in Leetsdale, Pennsylvania.

Sell -

Seller(S) 1

SELLER

INEOS Enterprises

Runcorn, United Kingdom

Category Company
Sector Chemicals
DESCRIPTION

INEOS Enterprises Ltd. is a manufacture of chemical products.


DEAL STATS #
Overall 2 of 2
Sector: Chemicals M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Eramet Titanium & Iron

Tyssedal, Norway

Eramet Titanium & Iron is an ilmenite transformation plant in Norway producing titanium slag used in the pigment industry. Eramet Titanium & Iron is based in Tyssedal, Norway.

Buy $245M