{"id":951860,"date":"2026-04-15T17:38:07","date_gmt":"2026-04-15T21:38:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/"},"modified":"2026-04-15T17:38:07","modified_gmt":"2026-04-15T21:38:07","slug":"ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/","title":{"rendered":"Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus<\/b><\/p>\n<p><i>Divestiture demonstrates continued execution of Ingevity\u2019s strategy to concentrate on businesses aligned with its core capabilities.<\/i><\/p>\n<p>NORTH CHARLESTON, S.C.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nIngevity Corporation (NYSE: NGVT) today announced that it has signed a definitive agreement and has successfully closed on the sale of its Ozark Materials road markings business to PPG (NYSE: PPG). The all-cash transaction results in proceeds to Ingevity of approximately $65 million, subject to customary adjustments.<\/p>\n<p>\n\u201cThe sale of Ozark Materials represents another step forward in sharpening our portfolio and focusing Ingevity on the businesses where we are best positioned to grow and create long term value,\u201d said Dave Li, Ingevity president and CEO. \u201cPPG brings strong expertise in pavement marking solutions, and we are confident Ozark will thrive under their ownership. We thank our Ozark colleagues for their contributions to Ingevity and wish them well in the future.\u201d<\/p>\n<p>\nThis divestiture is limited solely to Ingevity\u2019s Ozark Materials road markings business and does not impact the company\u2019s Pavement Technologies business. Ingevity remains fully committed to serving its paving customers with its well\u2011established, differentiated portfolio of pavement preservation and road construction technologies.<\/p>\n<p><b>Full-Year 2026 Guidance<\/b><\/p>\n<p>\nIn conjunction with its first quarter 2026 financial results, Ingevity will update its full-year 2026 guidance to reflect the impact of today\u2019s announced transaction. Ignoring said impact, the company affirms its previously provided full-year guidance.<\/p>\n<p><b>Ingevity: Purify, Protect and Enhance<\/b><\/p>\n<p>\nIngevity (NYSE: NGVT) is a global specialty materials company that develops advanced carbon and engineered material solutions that improve mobility, strengthen and extend the life of infrastructure and enhance industrial processes. With a 90-year legacy of innovation, we work closely with customers to solve technical challenges and deliver materials that improve performance and environmental outcomes in essential applications. Our portfolio includes Performance Materials activated carbon technologies for emissions control and filtration, Performance Chemicals solutions that support efficient agriculture and high-performance pavement systems and Advanced Polymer Technologies specialty polymers for coatings and industrial applications. Headquartered in North Charleston, South Carolina, Ingevity operates from 17 locations worldwide and employs approximately 1,400 people. Learn more at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ingevity.com%2F&amp;esheet=54513170&amp;newsitemid=20260415378781&amp;lan=en-US&amp;anchor=ingevity.com&amp;index=1&amp;md5=ec705713d1d100ff75bfc518f9da4312\">ingevity.com<\/a>.<\/p>\n<p><b>PPG: WE PROTECT AND BEAUTIFY THE WORLD\u00ae<\/b><\/p>\n<p>\nAt PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty products that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers\u2019 biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we market and sell in more than 50 countries and reported net sales of $15.9 billion in 2025. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ppg.com%2F&amp;esheet=54513170&amp;newsitemid=20260415378781&amp;lan=en-US&amp;anchor=www.ppg.com&amp;index=2&amp;md5=7ef2f6342f712c301ac41dd32c6480c6\">www.ppg.com<\/a>.<\/p>\n<p><b>Forward-looking statements:<\/b><\/p>\n<p>\nThis press release contains \u201cforward-looking statements\u201d within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words \u201cwill,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201ctargets,\u201d \u201cexpects,\u201d \u201coutlook,\u201d \u201cbelieves,\u201d \u201canticipates\u201d or similar expressions. Forward-looking statements may include, without limitation, the potential benefits of any transaction, including the sale of our road markings business, expected financial positions, guidance, results of operations and cash flows; financing plans; business strategies and expectations. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, such factors detailed from time to time in Part I, Item 1A. Risk Factors in our most recent Annual Report on Form 10-K as well as in our other filings with the SEC. These forward-looking statements speak only to management\u2019s beliefs as of the date of this press release. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this press release.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260415378781r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260415378781\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260415378781\/en\/<\/a><\/span><\/p>\n<p>\nCaroline Monahan<br \/>\n<br \/>843-740-2068<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@ingevity.com\">media@ingevity.com<\/a><\/p>\n<p><b>Investors:<br \/>\n<\/b><br \/>Mickey Walsh<br \/>\n<br \/>843-740-2002<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investors@ingevity.com\">investors@ingevity.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> South Carolina United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Packaging Engineering Chemicals\/Plastics Automotive Manufacturing Other Construction &amp; Property Manufacturing Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260415378781\/en\/650105\/3\/Ingevity_logo_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus Divestiture demonstrates continued execution of Ingevity\u2019s strategy to concentrate on businesses aligned with its core capabilities. NORTH CHARLESTON, S.C.&#8211;(BUSINESS WIRE)&#8211; Ingevity Corporation (NYSE: NGVT) today announced that it has signed a definitive agreement and has successfully closed on the sale of its Ozark Materials road markings business to PPG (NYSE: PPG). The all-cash transaction results in proceeds to Ingevity of approximately $65 million, subject to customary adjustments. \u201cThe sale of Ozark Materials represents another step forward in sharpening our portfolio and focusing Ingevity on the businesses where we are best positioned to grow and create long term value,\u201d said Dave Li, Ingevity president and CEO. \u201cPPG &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-951860","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus Divestiture demonstrates continued execution of Ingevity\u2019s strategy to concentrate on businesses aligned with its core capabilities. NORTH CHARLESTON, S.C.&#8211;(BUSINESS WIRE)&#8211; Ingevity Corporation (NYSE: NGVT) today announced that it has signed a definitive agreement and has successfully closed on the sale of its Ozark Materials road markings business to PPG (NYSE: PPG). The all-cash transaction results in proceeds to Ingevity of approximately $65 million, subject to customary adjustments. \u201cThe sale of Ozark Materials represents another step forward in sharpening our portfolio and focusing Ingevity on the businesses where we are best positioned to grow and create long term value,\u201d said Dave Li, Ingevity president and CEO. \u201cPPG &hellip; Continue reading &quot;Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-15T21:38:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260415378781r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus\",\"datePublished\":\"2026-04-15T21:38:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\\\/\"},\"wordCount\":704,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260415378781r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\\\/\",\"name\":\"Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus - 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NORTH CHARLESTON, S.C.&#8211;(BUSINESS WIRE)&#8211; Ingevity Corporation (NYSE: NGVT) today announced that it has signed a definitive agreement and has successfully closed on the sale of its Ozark Materials road markings business to PPG (NYSE: PPG). The all-cash transaction results in proceeds to Ingevity of approximately $65 million, subject to customary adjustments. \u201cThe sale of Ozark Materials represents another step forward in sharpening our portfolio and focusing Ingevity on the businesses where we are best positioned to grow and create long term value,\u201d said Dave Li, Ingevity president and CEO. \u201cPPG &hellip; Continue reading \"Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/","og_site_name":"Market Newsdesk","article_published_time":"2026-04-15T21:38:07+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260415378781r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus","datePublished":"2026-04-15T21:38:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/"},"wordCount":704,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260415378781r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ingevity-announces-sale-of-ozark-materials-road-markings-business-to-ppg-strengthening-strategic-focus\/","name":"Ingevity announces sale of Ozark Materials road markings business to PPG, strengthening strategic focus - 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