KPS Capital Partners to Acquire Controlling Stake in Ketjen Refining Catalyst Solutions from Albemarle
March 3, 2026
KPS Capital Partners, through a newly formed affiliate, entered into a definitive agreement to acquire a controlling 51% stake in Ketjen Corporation’s refining catalyst solutions business. Albemarle will retain a 49% stake and keep 100% ownership of Ketjen’s Performance Catalyst Solutions (PCS) business. The transaction is expected to close in the first half of 2026 (with KPS stating first quarter 2026), subject to regulatory approvals and customary closing conditions.
- Buyers
- KPS Capital Partners, LP
- Targets
- Ketjen Corporation's refining catalyst solutions business (collectively 'Ketjen'), Ketjen Corporation's Performance Catalyst Solutions (PCS) business (retained by Albemarle)
- Sellers
- Albemarle Corporation
- Industry
- Industrial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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