Published by Todd Bush on October 4, 2022
October 03, 2022 04:15 PM Eastern Daylight Time NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE) today announced that it has completed its previously disclosed acquisition of privately-owned Ozark Materials in an all-cash transaction valued at $325 million. Ingevity expects the acquisition to be immediately accretive to Ingevity's earnings per share. The business will be included in Ingevity's Performance Chemicals segment.
>> In Other News: Chemours Announces $200 Million Investment to Expand Capacity and Technology in Response to Growing Global Demand for Hydrogen Solutions
Ozark Materials is a leading producer of pavement marking materials, including thermoplastic pavement markings, waterborne traffic paints and preformed thermoplastics. The company supplies specialty materials for roadway applications throughout the United States and Canada, for a customer base that includes state departments of transportation, civil and highway contractors, cities, universities and airports. Included in the acquisition is Ozark Logistics, which provides transportation support primarily for the materials business. Ozark Materials is headquartered in Greenville, Alabama, and operates through four manufacturing locations, a logistics office and a distribution center.
"Ozark Materials is a strong, market-leading business that strengthens our position in the paving construction industry, while moving us one step downstream where we can better serve our end customers," said John Fortson, Ingevity president and CEO. "As a leading player within the pavement marking materials industry, Ozark is an excellent fit with Ingevity's business model and capabilities. We are excited to welcome our newest employees to Ingevity."
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 31 locations around the world and employs approximately 2,050 people. The company is traded on the New York Stock Exchange (NYSE). For more information visit www.ingevity.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 💡 Bill Gates-backed Startup Says a Global Gold Rush for Buried Hydrogen is Picking Up Momentum 🌍 Largest Hydrogen Highway to Link America and Europe: 10 Million Metric Tons and a...
Inside this Issue 🌿 Gevo to Acquire Red Trail Energy Assets in North Dakota, Including Operating Low-carbon Ethanol Production and Carbon Sequestration Facilities, Expanding Platform for Sustainab...
Inside this Issue đź’ˇ 1PointFive's South Texas Direct Air Capture Hub Awarded U.S. Department of Energy Funding đź”— H2 Clipper's Patented 'Hydrogen Ledger' Uses Blockchain Technology to Track Purity a...
LATHAM, N.Y., Sept. 18, 2024 (GLOBE NEWSWIRE) – Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has secured an order for 25 megaw...
With funding from ARPA-E, the U.S.-manufactured OSAs will make combined carbon removal and clean hydrogen production more scalable, sustainable, and economical than ever before LOS ANGELES, Sept. ...
Funding Will Accelerate the Production of AIRMADE® SAF, the Company’s CO₂-derived Sustainable Aviation Fuel and other Synthetic Fuels September 18, 2024 07:29 PM Eastern Daylight Time NEW YORK--(...
_1PointFive worked with Carbon Direct to deliver science-based community benefits planning and life cycle assessments for the South Texas DAC Hub._NEW YORK--(BUSINESS WIRE)--Carbon Direct today ann...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.