INEOS Enterprises sold its composites business to KPS Capital Partners for €1.7 billion, enhancing KPS's portfolio in the growing composites industry.

Information on the Target

INEOS Enterprises has successfully finalized the sale of its composites division to KPS Capital Partners, LP for approximately €1.7 billion. The composites business generates annual sales exceeding €800 million and employs around 900 staff across 17 operational sites and 3 technology centers located in Europe, North and South America, Asia, and the Middle East. Andrew Miller will continue in his role as CEO as the business transitions under new ownership.

This division is recognized globally for its expertise in manufacturing resins and gelcoats, essential materials for creating strong and lightweight composite plastics. These are extensively used in various sectors, including automotive, marine, construction, and electronics. The products not only enhance crucial characteristics such as fire and water resistance but also provide insulation and durability.

Industry Overview in the Target’s Specific Country

The composites industry is experiencing robust growth, fueled by increasing demand for lightweight materials across several applications, particularly in the automotive and aerospace sectors. In Eur