en.Wedoany.com Reported - INEOS Enterprises has announced the sale of its INEOS Calabrian business to Ecovyst, in a transaction valued at €180 million. INEOS Calabrian specializes in the production of ultra-high purity sulfur dioxide and related derivatives, with production facilities located in Port Neches, Texas, USA, and Timmins, Ontario, Canada. The deal is expected to close by the end of June 2026, subject to customary regulatory approvals.

Ashley Reed, Chairman of INEOS Enterprises, stated: "Over the past decade, Calabrian has achieved significant improvements in safety, operations, and financial performance. This transaction, valued at $190 million, reflects our disciplined approach to portfolio management: acquiring businesses, rapidly improving them, and realizing value." He noted that while Calabrian is a solid semi-specialty chemicals business, it does not fully align with INEOS's core strategy, whereas Ecovyst, with its strengths in catalysts and materials, is well-positioned to drive the next phase of growth for the business.

During the transition period, INEOS Enterprises will continue to operate Calabrian as normal, with no changes to customer or supplier arrangements. This sale of the sulfur dioxide business reflects the trend among multinational chemical companies to optimize their portfolios. Industry observers will be watching how Ecovyst integrates the business and whether this move can strengthen its position in the specialty chemicals sector.

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