INEOS Enterprises agrees to sell INEOS Calabrian to Ecovyst
Published by Ellie Brosnan,
Editorial Assistant
Hydrocarbon Engineering,
Ashley Reed, Chairman of INEOS Enterprises, said: “INEOS Calabrian has been part of INEOS Enterprises for the past ten years, during which time it has delivered significant improvements in safety, operational performance, and financial results. This transaction, valued at US$190 million, reflects our disciplined approach to portfolio management – acquiring businesses, improving them at pace, and realising value."
“Calabrian is a strong, well-positioned semi-speciality chemicals business. However, it is not a core fit within INEOS’ long-term portfolio. Ecovyst is well placed to take the business forward and support its next phase of growth.”
INEOS was advised by Piper Sandler and Slaughter and May.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/05052026/ineos-enterprises-agrees-to-sell-ineos-calabrian-to-ecovyst/
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