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Albemarle Completes Sale of Controlling Stake in Ketjen to KPS Capital Partners
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today announced it has completed the sale of a controlling stake in Ketjen Corporation's refining catalyst solutions business (Ketjen) to affiliates of KPS Capital Partners, LP (KPS).
About this update from Albemarle Corporation
[{"type":"text","content":"CHARLOTTE, N.C., March 2, 2026 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today announced it has completed the sale of a controlling stake in Ketjen Corporation's refining catalyst solutions business (Ketjen) to affiliates of KPS Capital Partners, LP (KPS).","length":370,"tagName":"p"},{"type":"image","alt":"Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)","displaySize":"","headline":null,"caption":"Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":60,"url":"https://media.zenfs.com/en/prnewswire.com/cf1aba0a5c048b4ea16ac10a26f649f5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HFh5z1iKVeFjJuhgZK5oLw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/cf1aba0a5c048b4ea16ac10a26f649f5","width":400,"height":60}},"href":"https://mma.prnewswire.com/media/75024/ALBEMARLE_CORPORATION_LOGO_updated.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Albemarle retains a minority stake in Ketjen, with KPS having a majority of the Board of Directors and operational control. Albemarle retains 100% ownership of Ketjen's Performance Catalyst Solutions business, which has been integrated into Albemarle's product portfolio.","length":279,"tagName":"p"},{"type":"text","content":"Combined with the sale of its 50% interest in the Eurecat joint venture to Axens SA, which was completed in January 2026, Albemarle has received a combined $670 million in pre-tax proceeds between the two transactions. Albemarle expects to use the proceeds for debt reduction and other general corporate purposes.","length":313,"tagName":"p"},{"type":"text","content":""Our continued investment in Ketjen alongside KPS demonstrates our confidence in the company's growth and value-creation potential," said Kent Masters, Chairman and CEO of Albemarle. "We are committed to supporting Ketjen's next chapter while strengthening Albemarle's portfolio focus and financial flexibility."","length":344,"tagName":"p"},{"type":"text","content":"Goldman Sachs & Co. LLC acted as exclusive financial advisor, and K&L Gates LLP served as legal advisor to Albemarle for the...