Starting from the coupled Boltzmann–Enskog (BE) kinetic equations for a two-particle system consisting of hard spheres, a hyperbolic two-fluid model for binary, hard-sphere mixtures was derived in Fox (2019, J. Fluid Mech. 877, 282). In addition to spatial transport, the BE kinetic equations account for particle–particle collisions, using an elastic hard-sphere collision model, and the Archimedes (buoyancy) force due to spatial gradients of the pressure in each phase, as well as other forces involving spatial gradients. The ideal-fluid–particle limit of this model is found by letting one of the particle diameters go to zero while the other remains finite. The resulting two-fluid model has closed terms for the spatial fluxes and momentum exchange due to the excluded volume occupied by the particles, e.g. a momentum-exchange term
$\boldsymbol {F}_{\!\!fp}$ that depends on gradients of the fluid density
$\rho _f$, fluid velocity
$\boldsymbol{u}_{f}$ and fluid pressure
$p_f$. In Zhang et al. (2006, Phy. Rev. Lett. 97, 048301), the corresponding unclosed momentum-exchange term depends on the divergence of an unknown particle–fluid–particle (pfp) stress (or pressure) tensor. Here, it is shown that the pfp-pressure tensor
${\unicode{x1D64B}}_{\!pfp}$ can be found in closed form from the expression for
$\boldsymbol {F}_{\!\!fp}$ derived in Fox (2019, J. Fluid Mech. 877, 282). Remarkably, using this expression for
${\unicode{x1D64B}}_{\!pfp}$ ensures that the two-fluid model for ideal-fluid–particle flow is well posed for all fluid-to-particle material-density ratios
$Z = \rho _f / \rho _p$.