Dec 3 (Reuters) - Chemical products maker INEOS Enterprises said on Tuesday it would sell INEOS Composites, maker of specialty composite resins, for an estimated 1.7 billion euros ($1.79 billion) at completion, to investment fund KPS Capital Partners.
INEOS Enterprises, part of British billionaire Jim Ratcliffe-owned INEOS, said the composites business had combined sales of more than 800 million euros per year and a workforce of about 900 employees across 17 sites in Europe, North and South America, Asia and the Middle East.
INEOS Composites sells a broad range of resins that helps products with corrosion and scratch resistance, fire retardancy, among other things.
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(Reporting by Yadarisa Shabong in Bengaluru; Editing by Vijay Kishore)
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