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Ingevity Purchasing Georgia-Pacific's Pine Chemicals Business (M&A)
Georgia-Pacific,Ingevity
Date: 2017-08-25
Georgia-Pacific LLC reports it has reached an agreement to sell its pine chemicals business to North Charleston, South Carolina-based specialty chemicals provider Ingevity for $315 million, including certain pine chemicals-related assets at the Crossett, Ark., plant. The acquisition, which is subject to regulatory approvals,is expected to close prior to the year end.

Separately, Ingevity will enter into several contract manufacturing arrangements for oilfield and mining products currently produced at other Georgia-Pacific facilities. The parties will also separately enter into a 20-year, market-based crude tall oil (CTO) supply contract. (Source: Georgia-Pacific, Canadian Biomass, 23 Aug., 2017) Contact: Ingevity, (844) 644-3889, www.ingevity.com

More Low-Carbon Energy News Georgia-Pacific news,  Ingevity news,  Biochemical news,  

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