KPS Forms Primient to Acquire Tate & Lyle's Primary Products Business

KPS Capital Partners Acquires Tate & Lyle's Remaining 49.7% Stake in Primient

May 23, 2024

Food & Beverage

KPS Capital Partners has agreed to acquire Tate & Lyle PLC's remaining 49.7% ownership interest in Primary Products Investments LLC (Primient) for $350 million, with completion expected by the end of July 2024. Primient, a leading producer of corn-derived food and industrial ingredients employing about 1,800 people across six manufacturing facilities in the United States and Brazil, will be fully consolidated under KPS to support planned modernization and more than $700 million of capital investments.

Primient Acquires Primient Covation

January 14, 2026

Manufacturing

Primient has acquired full ownership of Primient Covation, the producer of Susterra® and Zemea® 1,3-propanediols. Terms were not disclosed; the acquisition integrates Primient Covation's plant-based diols into Primient's sustainable ingredients portfolio to expand capability and market offerings. The move is intended to generate operational synergies and accelerate development and scale-up of sustainable bio-based materials.

KPS Capital Partners Acquires INEOS Composites (now Alta Performance Materials)

December 3, 2024

Manufacturing

KPS Capital Partners agreed to acquire INEOS Composites from INEOS Enterprises for approximately €1.7 billion and has completed the transaction, creating a standalone company now named Alta Performance Materials. Alta is a global manufacturer of unsaturated polyester resins, vinyl ester resins and gelcoats with ~900 employees and 17 manufacturing facilities; KPS intends to invest in manufacturing excellence, R&D and growth.

Akoya Capital and Tecum Capital Acquire Primetac Corporation

July 30, 2019

Packaging

Akoya Capital Partners and Tecum Capital Partners acquired Primetac Corporation in partnership with the company's founders and management. The private equity investors plan to grow Primetac — a distributor of industrial packaging materials — by expanding sales coverage, service and product offerings and pursuing add-on acquisitions to build a national platform.

Tessenderlo Kerley Acquires Tiger-Sul from Platte River Equity

November 6, 2024

Agriculture

Tessenderlo Kerley, Inc. (a subsidiary of Tessenderlo Group) acquired Tiger-Sul Products from Platte River Equity, with the transaction closing on November 6, 2024. The acquisition expands TKI's specialty fertilizer portfolio by adding Tiger-Sul's sulfur-based crop nutrition and soil enhancement products; Tiger-Sul will continue operating under its existing brand names.

Tilia Holdings Acquires Proven Partners Group

February 22, 2019

Food & Beverage

Chicago-based private investment firm Tilia Holdings completed its investment in Proven Partners Group (PPG), an Elgin, Illinois-based contract manufacturer and packager of dried and powdered foods, on February 22, 2019. Tilia has installed leadership and board members (Dave Nelson as interim CEO; Suley Muratoglu as President; Ron Markle as CFO) and secured debt financing from LBC Credit Partners to support PPG's growth.