KPS Capital Partners to acquire a majority stake in Ketjen from Albemarle.

KPS Capital Partners, an American investment company, agreed to acquire a majority stake in Ketjen, a manufacturer of catalyst solutions used to process crude oil and renewable feedstocks into fuels and chemicals, from Albemarle, a diversified chemicals company engaged in producing lithium, bromine, and catalyst solutions for global industries. Financial terms are not disclosed. "The Ketjen team is excited to partner with KPS as we begin our next chapter as an independent company. KPS has an exceptional track record of investing in and strengthening industrial and specialty materials businesses, and we are confident they are the right partner to support our long-term growth. Their commitment to manufacturing excellence, operational improvement and innovation will enable us to build on Ketjen's strong market position and deepen our partnerships with customers around the world," Michael Simmons, Ketjen President.