Ingevity acquires Georgia-Pacific’s pine chemicals business

Date: 2018-03-09   Author: Shikha Sinha  Category: #market

Ingevity acquires Georgia-Pacific’s pine chemicals business

Renowned specialty chemicals and high-performance carbon materials manufacturer, Ingevity Corporation, has recently announced to have acquired pine chemicals business unit of Georgia-Pacific. Reportedly, the latest takeover is likely to complement the existing businesses of Ingevity and would further assist the firm to fortify its position in specialty chemicals industry.

In addition to purchasing the pine chemicals business, Ingevity has further obtained the ownership of Georgia-Pacific’s Arkansas based facility, book of business, customer lists, and saleable inventory. According to trusted sources, the South Carolina headquartered firm would also acquire various trade names and patents associated with the procured products range.

For the uninitiated, the Atlanta headquartered Georgia-Pacific’s pine chemicals division manufactures pine-based tall oil esters, tall oil fatty acids, and tall oil rosin. These chemicals are apparently utilized in cleaners, adhesives, metalworking, rubber processing, mining, inks, packaging, oilfield, paints and other coatings.

Speaking on the development, President and CEO of Ingevity, Michael Wilson was quoted stating that the latest deal would provide a robust foundation to quicken the firm’s growth in Performance Chemicals segment. He further stated that the broad technical platforms of Georgia-Pacific would assist the company in creating significant value for specialty chemicals industry stakeholders.

As per reliable sources, the total valuation of the latest deal is said to be around USD 310 million. Furthermore, Ingevity is estimated to gain about USD 11 million in total as a result of the takeover. For the record, the net synergies attained by Ingevity post-acquisition is anticipated to be garnered through optimizing production methods and lowering logistics costs across the collective three manufacturing plants and leveraged procurement prices.

Reportedly, Ingevity has separately signed a 20-year contract to supply market-based crude tall oil to Georgia-Pacific’s paper manufacturing facilities. Experts claim that this contract would further prove to be of immense benefit to Ingevity and strengthen its standing in the overall specialty chemicals market.



About Author


Shikha Sinha linkdin-boxtwitter

Shikha Sinha

Shikha currently manages the content team at AlgosOnline. An electrical & electronics engineer by education, she has prior experience in content & technology writing, content marketing, market research, and business development domains. Her other interests inc...

Read More

Post Recommendents

Handheld Point of Sale(POS) Market Summary, Trends, Sizing Analysis and Forecast To 2026

Author: Sachin Pashte

Market Study Report adds Global Handheld Point of Sale(POS) Market Research its online database. The report provides information on Industry Trends, Demand, Top Manufacturers, Countries, Material and Application.

The Handheld Point of Sa...


Handheld Imager Market likely to touch new heights by end of forecast period 2021-2026

Author: Sachin Pashte

Global Handheld Imager Market is Projected to grow at moderate CAGR during the period 2021-2026. Handheld Imager research report also provides granular analysis of the market share, Size, segmentation, revenue forecasts and geographic regions of t...


Hand Dryer Market: Key Players, Growth, Analysis, 2021-2026

Author: Sachin Pashte

MarketStudyReport.com Adds New Global Hand Dryer Market Report to its research database. The report presents a deep study of the market growth factors and drivers.

The Hand Dryer market report offers a detailed investigation of the prima...