Ingevity Corp (NGVT): M&A transaction — Ingevity completes sale of CTO refinery and Industrial Specialties for $110M cash plus contingent consideration

Ingevity Corp

Completed sale of North Charleston CTO refinery and majority of Industrial Specialties to Mainstream Pine Products for $110M cash plus contingent consideration up to $19M.
Transaction announced Sep 2025; closed Jan 1, 2026; press release issued Jan 5.
Amendment excludes non-lignin dispersant products for agricultural chemical applications from asset scope.
Ingevity retains Pavement Technologies and other lignin-based dispersant products, sharpening focus on higher-margin specialty applications.
Strategic move to simplify portfolio, reduce volatility, and enhance cash flow and margin profile.

item 1.01 item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Ingevity Corp completed a disposition involving Mainstream Pine Products, LLC (closed 2026-01-01).

Action: disposition
Counterparty: Mainstream Pine Products, LLC
Closing: 2026-01-01

Exact text from the filing

On January 1, 2026, Ingevity Corporation, a Delaware corporation (“Ingevity”), completed the transaction (the “Transaction”) previously disclosed in its Current Report on Form 8-K filed by Ingevity with the Securities and Exchange Commission (“SEC”) on September 4, 2025 (the “Previous Form 8-K”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Ingevity Corp amended Amendment with the Parties (effective 2026-01-01).

Action: amendment
Agreement: asset purchase
Counterparty: the Parties
Effective: 2026-01-01

Exact text from the filing

In connection with the Closing, on January 1, 2026, the Parties entered into the Amendment, which, among other things, modified the scope of assets being transferred pursuant to the Original Purchase Agreement by excluding non-lignin dispersant products sold to existing customers for agricultural chemical applications.

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Ingevity Corp filing history →

Source: SEC EDGAR

accession 0001493152-26-000248

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