Divestiture • Chemicals

KPS Capital Partners and Albemarle Acquire Ketjen

On October 27, 2025, private equity firm KPS Capital Partners and Albemarle acquired chemicals company Ketjen from Albemarle

Acquisition Context
  • This is KPS Capital Partners’ 3rd and Albemarle’s 9th transaction in the Chemicals sector.
  • This is KPS Capital Partners’ 41st and Albemarle’s 4th transaction in the United States.
  • This is KPS Capital Partners’ 5th and Albemarle’s 1st transaction in Texas.

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M&A Deal Summary

Date October 27, 2025
Target Ketjen
Sector Chemicals
Buyer(s) KPS Capital Partners
Albemarle
Sellers(s) Albemarle
Deal Type Divestiture

Target Company

Ketjen

Houston, Texas, United States
Ketjen manufactures advanced catalyst solutions used to transform, process, and decontaminate crude oil and renewable feedstocks into fuels and chemicals for a wide range of applications, including petrochemicals, transportation, building, and agriculture, among others. The Company’s catalysts and additives enhance customers’ profitability through improvements in reliability, quality, and yield of fuels and chemicals refined from a variety of traditional and renewable feedstocks. Ketjen is headquartered in Houston, Texas.
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Buyers Overview 2

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 Context for Buyer #
Overall 55 of 55
Sector: Chemicals 3 of 3
Type: Divestiture 25 of 25
State: Texas 5 of 5
Country: United States 41 of 41
Year: 2025 1 of 1
PREVIOUS 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 -
Buyer

Albemarle

Charlotte, North Carolina, United States

Category Company
Founded 1887
Sector Chemicals
Employees7,400
Revenue 5.4B USD (2024)
DESCRIPTION

Albemarle develops, manufactures, and markets engineered specialty chemicals to meet customer needs across a diverse range of end markets. The company's services include petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety, and custom chemistry services. Albemarle was incorporated in 1887 and is based in Charlotte, North Carolina.


Deal Context for Buyer #
Overall 10 of 10
Sector: Chemicals 9 of 9
Type: Divestiture 5 of 5
State: Texas 1 of 1
Country: United States 4 of 4
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Albemarle - Fine Chemistry Services Business

Charlotte, North Carolina, United States

Albemarle Corp.'s Fine Chemistry Services Business is a provider of chemical products.

Sell $570M

Seller Profile 1

SELLER

Albemarle

Charlotte, North Carolina, United States

Category Company
Founded 1887
Sector Chemicals
Employees7,400
Revenue 5.4B USD (2024)
DESCRIPTION

Albemarle develops, manufactures, and markets engineered specialty chemicals to meet customer needs across a diverse range of end markets. The company's services include petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety, and custom chemistry services. Albemarle was incorporated in 1887 and is based in Charlotte, North Carolina.


Deal Context for Seller #
Overall 9 of 9
Sector: Chemicals 8 of 8
Type: Divestiture 9 of 9
State: Texas 1 of 1
Country: United States 5 of 5
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Albemarle - Fine Chemistry Services Business

Charlotte, North Carolina, United States

Albemarle Corp.'s Fine Chemistry Services Business is a provider of chemical products.

Sell $570M