- INEOS Enterprises has agreed to sell INEOS Calabrian, its ultra-pure sulphur dioxide and derivatives business, to Ecovyst.
- INEOS Calabrian operates manufacturing sites in Port Neches, Texas, USA and Timmins, Ontario, Canada.
- Completion is expected by the end of June 2026.
- Until completion, INEOS Enterprises will continue to operate the business as usual, with no change to customer or supplier arrangements.
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 $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’s 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.
ENDS
Press Contacts:
INEOS PR | +44 (0) 207 193 9030 | ineos@firstlightgroup.io
Richard Longden | INEOS | +41 79 962 61 23 | richard.longden@ineos.com
Note to Editors
INEOS Enterprises comprises a portfolio of businesses manufacturing chemical products in Northern Europe USA and Canada. The business is focused on the developing needs of its customers and rapid growth through investment in new products and manufacturing facilities or by acquisition. It has sites are in the UK, Germany, Sweden, Switzerland, Canada and the USA. Visit www.ineosenterprises.com to learn more.
INEOS is a global manufacturer of petrochemicals, specialty chemicals and oil products which are supplied by our 29 separate businesses. These products form the basis of industries that touch much of our daily life, from medicines to mobile phones; agriculture to automotives; construction to technology and textiles. Even the components essential for renewable energy. INEOS operates 153 sites across 26 countries, generates $50 billion annually and employs over 24,500 people. Complementing our core business, INEOS is making an impact across a range of elite sports and becoming increasingly known in the automotive sector, with the Grenadier (our uncompromising 4x4). For more information, visit: www.ineos.com