M&A
confidence high
sentiment positive
materiality 0.75
Ingevity completes $325M acquisition of Ozark Materials, expects immediate EPS accretion
Ingevity Corp
- Acquired Ozark Materials and Ozark Logistics for $325M in cash, funded via credit facilities and cash on hand.
- Ozark Materials is a leading producer of pavement marking materials; business will be in Performance Chemicals segment.
- Acquisition expected to be immediately accretive to Ingevity's earnings per share.
- Ozark operates 4 manufacturing sites, serving state DOTs and contractors across US and Canada.
- Ingevity President & CEO John Fortson says deal strengthens position in paving construction industry.