Ingevity Announces Strategic Sale of Ozark Materials Road Markings Business to PPG Industries

North Charleston, SC, April 15, 2026 – Ingevity Corporation (NYSE: NGVT) has announced the completion of a significant strategic divestiture with the sale of its Ozark Materials road markings business to PPG Industries, Inc. (NYSE: PPG). This all-cash transaction delivers approximately \$65 million in proceeds to Ingevity, subject to customary post-closing adjustments.

Key Points for Investors

• Transaction Value & Structure: The sale is valued at roughly \$65 million in cash, strengthening Ingevity’s balance sheet and providing additional financial flexibility for strategic investments or debt reduction.
• Strategic Portfolio Realignment: The divestiture marks a continued shift in Ingevity’s strategy to focus on core businesses where the company sees the strongest opportunities for long-term growth and value creation.
• Management Commentary: Dave Li, President and CEO of Ingevity, emphasized that the sale sharpens the company’s portfolio and allows it to concentrate resources on markets and technologies where it has a competitive advantage. Li also expressed confidence in PPG’s expertise in road markings and extended gratitude to the Ozark team for their contributions.
• Impact on Remaining Businesses: This divestiture is limited solely to the Ozark Materials road markings business. It does not affect Ingevity’s Pavement Technologies business. Ingevity reiterated its commitment to serving its paving customers with its established and differentiated pavement preservation and road construction technologies.
• Financial Guidance Update: Ingevity will update its full-year 2026 guidance to reflect the impact of the Ozark Materials divestiture in conjunction with its Q1 2026 results. Importantly, the company affirmed its previously provided full-year guidance, excluding the effects of the sale. This suggests management does not expect a material adverse impact on ongoing operations or outlook.
• Company Profile: Ingevity is a global specialty materials company with a 90-year history of innovation. The company focuses on advanced carbon and engineered material solutions for mobility, infrastructure, and industrial applications, including Performance Materials, Performance Chemicals, and Advanced Polymer Technologies. Ingevity operates in 17 locations worldwide with about 1,400 employees.

Potential Share Price Impact & Shareholder Considerations

• Portfolio Focus: The sale signals a disciplined approach to portfolio management, which may be viewed favorably by investors seeking a more focused and potentially higher-margin business.
• Proceeds Utilization: The \$65 million in proceeds provides optionality for debt reduction, reinvestment in core businesses, or potential shareholder returns, all of which could influence valuation multiples.
• No Impact on Core Pavement Business: By retaining its Pavement Technologies segment, Ingevity maintains its exposure to infrastructure and road construction growth, lessening fears of a broader strategic retreat from key markets.
• Guidance Affirmation: The reaffirmation of full-year guidance (excluding the transaction impact) may reassure investors about earnings stability despite the divestiture.
• Forward-Looking Statements: As always, investors should note the presence of forward-looking statements and review relevant risk factors disclosed in the company’s SEC filings, as actual outcomes may differ from management’s current expectations.

Forward-Looking Statements Disclaimer

This article contains information based on forward-looking statements within the meaning of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Investors should consult Ingevity’s most recent Annual Report on Form 10-K and other SEC filings for a detailed discussion of risk factors. This article is not investment advice. Please consult your financial advisor before making investment decisions.

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