KPS Capital Partners completed the acquisition of the composites business from INEOS for €1.7bn.

KPS Capital Partners, a private equity firm, completed the acquisition of the composites business from INEOS, a manufacturer of specialty composite resins and gelcoats, for €1.7bn. "We are very pleased to have completed this transaction with KPS, which will build on the strong foundation that INEOS has established over the past five years. We are confident that under KPS’s ownership, the business will continue to grow and succeed in the years ahead," Ashley Reed, INEOS Chairman.