NYSE:NGVTChemicals
Ingevity (NGVT) Is Up 7.8% After Divesting Crude Tall Oil Assets To Refocus On Higher-Margin Core
Ingevity Corporation has now completed the sale of its North Charleston crude tall oil refinery assets and most of its Performance Chemicals Industrial Specialties product line to Mainstream Pine Products, LLC, as part of a portfolio reshaping plan.
This move marks a clear shift toward higher-margin activated carbon and pavement technologies, aiming to simplify operations and reduce earnings volatility across the business.
Next, we’ll examine how divesting the crude tall oil refinery and...