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NGVT Sells Ozark Materials to PPG to Streamline Core Operations
ZACKS· 2026-04-16 21:06
Key Takeaways Ingevity Corporation (NGVT) has announced the sale of its Ozark Materials road markings business to PPG Industries, Inc. (PPG) for approximately $65 million in cash (subject to adjustments). This marks a strategic step for NGVT to streamline its portfolio and sharpen its focus on core operations. The divestiture is limited solely to Ingevity's Ozark Materials road markings business. It reflects Ingevity's ongoing efforts to prioritize higher-margin and growth-oriented businesses. Ozark Materia ...