---
schema_version: "secwatch.filing_event.v1"
accession: "0001653477-24-000078"
form_type: "8-K"
ticker: "NGVT"
cik: "0001653477"
company_name: "Ingevity Corp"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:24:48.441758+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ingevity to close Crossett, AR plant; expects $30-35M annual savings from restructuring

## Summary
- Plans to close Crossett plant in August 2024; consolidate oleo refining to North Charleston, SC facility.
- Expects net operational savings of $20M-$25M/yr from plant closure plus ~$10M/yr from corporate cost reductions.
- Total restructuring charges estimated at ~$100M, including ~$65M non-cash asset charges and ~$35M cash costs.
- Majority of non-cash charges and 50-60% of cash charges expected recognized by H1 2025.
- Company cites slow industrial recovery in oleo markets as driver; full savings expected in 2025.

## SEC filing metadata
- accession: 0001653477-24-000078
- form_type: 8-K
- ticker: NGVT
- cik: 0001653477
- company_name: Ingevity Corp
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653477/000165347724000078/0001653477-24-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653477/000165347724000078/ngvt-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001653477-24-000078
- JSON: https://secwatch.observer/filing/0001653477-24-000078.json
- Plain text: https://secwatch.observer/filing/0001653477-24-000078.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.