KPS Capital Partners to Acquire Controlling Stake in Ketjen Refining Solutions Business From Albemarle

Paul, Weiss is advising KPS Capital Partners on its acquisition, through a newly formed affiliate, of a controlling stake in Ketjen Corporation’s refining catalyst solutions business from Albemarle Corporation. Under the agreement, KPS and Albemarle 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 Houston-based Ketjen, a leading global manufacturer of advanced catalyst solutions used to refine crude oil and renewable energy sources into fuels and chemicals for multiple applications. Albemarle will retain 100% of Ketjen Corporation’s Performance Catalyst Solutions Business. The deal is expected to close in the first quarter of 2026, subject to customary closing conditions. Financial details were not disclosed.

The Paul, Weiss team is led by corporate partners Angelo Bonvino, Michael Vogel and Daniel Fuschillo, and included partners Tong Yu and Steven Kaye; tax partner Robert Killip; antitrust partners Ross Ferguson and Yuni Sobel; intellectual property partner Chuck Googe; executive compensation partner Jarrett Hoffman; real estate partner Peter Fisch; litigation partner Nicole Succar, and counsel Audrey Paquet and Benjamin Klein; and environmental counsel William O’Brien.