KPS Capital to acquire the composites business of INEOS for €1.7bn.

KPS Capital, a private equity firm, agreed to acquire the composites business of INEOS, a British multinational conglomerate, for €1.7bn. "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," Raquel Vargas Palmer, KPS Managing Partner.