Ingevity将以1.1亿美元加上高达1900万美元的或有付款的价格出售北查尔斯顿炼油厂和性能化学品工业特种产品线成为主流

Divestiture reduces portfolio volatility, strengthens Ingevity's margin and cash flow profile and enhances future strategic optionality

• The all-cash transaction includes $110 million at closing plus potential contingent consideration ranging from $0 to $19 million, subject to the achievement of future business performance milestones 
• Revenue for 2025 associated with the combined assets being sold is expected to be approximately $130 million with EBITDA margins in the low-to-mid single digits 
• Transaction subject to customary and agreed-upon closing conditions and anticipated to close by early 2026 
• Mainstream Pine Products to supply Ingevity with certain refinery products to support Ingevity's Road Technologies product line 
• Agreement significantly mitigates Ingevity's exposure to crude tall oil (CTO) volatility 
• Beginning with third quarter reporting, the combined assets being sold will be reported as discontinued operations

Ingevity Corporation (NYSE:NGVT) today announced it has entered into a definitive agreement to sell its North Charleston CTO refinery assets and the majority of its Performance Chemicals Industrial Specialties product line to Mainstream Pine Products, LLC (Mainstream). The all-cash transaction will result in net, after tax, proceeds at closing of approximately $110 million plus a potential contingent payment ranging from $0 to $19 million, which is subject to the achievement of future business performance milestones. The transaction is subject to customary and agreed-upon closing conditions and is expected to close by early 2026.