Ingevity Corporation has completed the sale of its North Charleston Crude Tall Oil $(CTO)$ refinery assets and the majority of its Performance Chemicals Industrial Specialties product line to Mainstream Pine Products, LLC. The all-cash transaction includes $110 million at closing, with an additional potential contingent consideration of up to $19 million based on future business performance milestones. This move is part of Ingevity’s strategic plan to streamline its business and focus on higher-margin specialty applications in activated carbon and pavement technologies, while retaining its Pavement Technologies business and other lignin-based dispersant products.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ingevity Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260105099531) on January 05, 2026, and is solely responsible for the information contained therein.