Ingevity acquires Ozark Materials for $325M all-cash; expects immediate EPS accretion

Ingevity Corp

Acquisition of Ozark Materials (pavement marking materials) for $325M all-cash.
Ozark Materials expected to generate ~$150M revenue and ~20% EBITDA margins in 2023.
Deal immediately accretive to Ingevity's EPS; included in Performance Chemicals segment.
Expected to close early Q4 2022, subject to HSR and other customary closing conditions.
Strengthens pavement technologies business; benefits from infrastructure spending and autonomous vehicle trends.

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