Ingevity announces sale of Ozark Materials road markings business to PPG Industries, strengthening strategic focus (Form 8-K)

Ingevity announces sale of Ozark Materials road markings business to PPG Industries, strengthening strategic focus

Divestiture demonstrates continued execution of Ingevity's strategy to concentrate on businesses aligned with its core capabilities.

NORTH CHARLESTON, SC, April 15, 2026 - 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 Industries, Inc. (NYSE: PPG). The all-cash transaction results in proceeds to Ingevity of approximately $65 million, subject to customary adjustments.

"The 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," said Dave Li, Ingevity president and CEO. "PPG brings strong expertise in road markings technologies, and we are confident the Ozark team will thrive under their ownership. We thank our Ozark colleagues for their contributions to Ingevity and wish them well in the future."

This divestiture is limited solely to Ingevity's Ozark Materials road markings business and does not impact the company's Pavement Technologies business. Ingevity remains fully committed to serving its paving customers with its well-established, differentiated portfolio of pavement preservation and road construction technologies.

Full-Year 2026 Guidance

In conjunction with its first quarter 2026 financial results, Ingevity will update its full-year 2026 guidance to reflect the impact of today's announced transaction. Ignoring said impact, the company affirms its previously provided full-year guidance.

Ingevity: Purify, Protect and Enhance

Ingevity (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 ingevity.com.