A GLOBAL LEADER IN UNSATURATED POLYESTER RESINS,
VINYL ESTER RESINS AND GELCOATS

NEW YORK, Dec. 3, 2024 /PRNewswire/ — KPS Capital Companions, LP (“KPS”) introduced as of late that, thru a newly shaped associate, it has signed a definitive pledge to procure INEOS Composites (the “Company”) from INEOS Enterprises Holdings II Ltd (“INEOS Enterprises”) for an estimated attention of roughly €1.7bn at crowning glory.  Finishing touch of the transaction is predicted within the first part of 2025 matter to regulatory approvals and session processes (specifically, with recognize to the French trade, for which the events have entered into unique negotiations).

INEOS Composites is a eminent international producer of unsaturated polyester resins, vinyl ester resins and gelcoats old within the manufacturing of plastic composites for a large territory of packages throughout massive international end-markets, together with development fabrics, refreshment, transportation and breeze power, amongst others.  INEOS Composites sells a wide territory of resins that let shoppers to optimize sure traits in their merchandise, together with corrosion resistance, hearth retardance, ultraviolet resistance, H2O and chemical resistance, thermal and electric insulation, have an effect on and scratch resistance, and top strength-to-weight ratios.  Headquartered in Dublin, Ohio, and Barcelona, Spain, INEOS Composites has roughly 900 staff and operates 17 production amenities and 3 generation facilities throughout North and South The united states, Europe, Asia and the Heart East.

Raquel Vargas Palmer, Managing Spouse of KPS, stated, “We are thrilled to acquire INEOS Composites, a leading global manufacturer of specialty composite resins.  The Company’s leading market position and long-tenured customer base is a testament to its differentiated product quality, reliability and strong technical service capabilities.  We will leverage KPS’ successful, multi-decade experience of investing in process industries, along with our commitment to manufacturing excellence and global network, to drive profitability and create an entrepreneurial culture centered on innovation, continuous improvement and superior customer experience.  We look forward to partnering with Chief Executive Officer Andrew Miller and the INEOS Composites team to accelerate the Company’s value creation opportunities.”

Andrew Miller, Prominent Govt Officer of INEOS Composites, stated, “We are excited for our future as an independent company under KPS’ ownership.  KPS is an ideal partner, given its demonstrated track record of establishing and growing world-class industrial companies. KPS’ commitment to manufacturing excellence, capital investment, and research and development, accompanied by its global platform and significant capital resources, will elevate our ability to provide customers with industry-leading products and superior service.”

Ashley Reed, Chairman of INEOS Enterprises stated, “Composites has been part of INEOS Enterprises for the past five years, during which time it has achieved significant improvements in safety and financial performance. Furthermore, it has solidified its market position through enhanced product quality, consistency, and strengthened operational and commercial capabilities, ensuring a strong foundation for further future growth.”

Paul, Weiss, Rifkind, Wharton & Garrison LLP served as criminal recommend to KPS. Piper Sandler served as monetary marketing consultant and Slaughter and Might acted as criminal recommend to INEOS Enterprises.  Dedicated debt financing to assistance the transaction has been supplied via Goldman Sachs Storehouse USA, Barclays, Citi, Intesa Sanpaolo – IMI CIB Section and MUFG Storehouse.

About INEOS Composites
INEOS Composites is a eminent international producer of unsaturated polyester resins, vinyl ester resins and gelcoats old within the manufacturing of plastic composites for a large territory of packages throughout massive international end-markets together with development fabrics, refreshment, transportation and breeze power, amongst others.  INEOS Composites sells a wide territory of resins that let shoppers to optimize sure traits in their merchandise, together with corrosion resistance, hearth retardance, ultraviolet resistance, H2O and chemical resistance, thermal and electric insulation, have an effect on and scratch resistance, and top strength-to-weight ratios.  For more info about INEOS Composites, talk over with www.ineoscomposites.com.

About KPS Capital Companions, LP
KPS, thru its affiliated control entities, is the executive of the KPS Particular Statuses Finances, a society of funding price range with roughly $21.4 billion of belongings below control (as of September 30, 2024).  For over 3 many years, the Companions of KPS have labored solely to appreciate vital capital awe via making controlling fairness investments in production and business firms throughout a numerous array of industries, together with modest fabrics, branded client, healthcare and comfort merchandise, automobile portions, capital apparatus, and normal production.  KPS creates worth for its buyers via operating constructively with gifted control groups to produce companies higher and generates funding returns via structurally making improvements to the strategic place, competitiveness, and profitability of its portfolio firms, in lieu than basically depending on monetary leverage.  The KPS Finances’ portfolio firms recently generate combination annual revenues of roughly $23.7 billion, function 251 production amenities in 30 nations, and feature roughly 65,000 staff, immediately and thru joint ventures international (as of September 30, 2024, professional forma for fresh acquisitions). The KPS funding technique and portfolio firms are described in quality at www.kpsfund.com.

About INEOS Enterprises
INEOS Enterprises accommodates a portfolio of companies production chemical merchandise in Northern Europe, the USA and Canada, with gross sales of €2.7bn world wide.  The trade is targeted at the growing wishes of its shoppers and fast expansion thru funding in unused merchandise and production amenities or via acquisition.  It employs c. 3,100 crowd throughout websites in the United Kingdom, Germany, Sweden, Switzerland, Canada and the USA. INEOS Enterprises isn’t a part of the INEOS Staff Holdings warehouse staff. Discuss with www.ineosenterprises.com to be told extra.

SOURCE KPS Capital Companions, LP

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