Business
KPS CAPITAL PARTNERS TO ACQUIRE CONTROLLING STAKE IN KETJEN FROM ALBEMARLE
KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into a definitive agreement with Albemarle Corporation ("Albemarle") (NYSE: ALB) to acquire a controlling stake in Ketjen Corporation's refining catalyst solutions business (collectively, "Ketjen" or the "Company"). KPS and Albemarle, through affiliates, will own approximately 51% and 49% of Ketjen at close, respectively, with KPS having a majority of the Board of Directors and operational con
About this update from Albemarle Corporation
[{"type":"text","content":"NEW COMPANY WILL BE A GLOBAL LEADER IN ADVANCED CATALYSTS AND ADDITIVES FOR THE REFINING AND PETROCHEMICAL INDUSTRIES","length":117,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, Oct. 27, 2025 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into a definitive agreement with Albemarle Corporation ("Albemarle") (NYSE: ALB) to acquire a controlling stake in Ketjen Corporation's refining catalyst solutions business (collectively, "Ketjen" or the "Company"). KPS and Albemarle, through affiliates, will own approximately 51% and 49% of Ketjen at close, respectively, with KPS having a majority of the Board of Directors and operational control of Ketjen. Albemarle will retain 100% of Ketjen Corporation's Performance Catalyst Solutions ("PCS") business. Completion of the transaction is expected in the first quarter of 2026 and is subject to customary closing conditions and approvals.","length":846,"tagName":"p"},{"type":"image","alt":"KPS Logo","displaySize":"","headline":null,"caption":"KPS Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":147,"url":"https://media.zenfs.com/en/prnewswire.com/63a312fa44a5a069e6f56ef97e4d51c2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/T8Y8Cw_KK8Ushk1RKyVfMw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/63a312fa44a5a069e6f56ef97e4d51c2","width":400,"height":147}}},{"type":"text","content":"Ketjen is a leading global manufacturer of advanced catalyst solutions used to transform, process and de-contaminate crude oil and renewable feedstocks into fuels and chemicals for a wide range of applications, including petrochemicals, transportation, building and agriculture, among others. The Company's catalysts and additives enhance customers' profitability through improvements in reliability, quality and yield of fuels and chemicals refined from a variety of traditional and renewable feedstocks. Ketjen is headquartered in Houston, Texas, has approximately 840 employees and operates two manufacturing facilities, two research and technology centers and two joint ventures across North and South America, Europe and Asia.","length":739,"tagName":"p"},{"type":"text","content"...