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Ingevity announces results of portfolio review, including plans to explore strategic alternatives for Advanced Polymer Technologies segment and Road Markings business
Businesswire· 2025-12-08 11:30
Core Viewpoint - Ingevity Corporation has completed a portfolio review and is exploring strategic alternatives for its Advanced Polymer Technologies (APT) segment and Performance Chemicals Road Markings business, including potential sales of one or both segments [1][2]. Group 1: Strategic Review and Future Direction - The leadership team and Board of Ingevity are focused on unlocking long-term value for shareholders through a strategic review of the APT segment and Road Markings business, which are deemed not fully aligned with the company's core competencies and future strategic direction [2]. - The company aims to build a more agile and future-ready enterprise that is optimized for superior performance and sustained shareholder returns [2]. Group 2: Customer Commitment - Ingevity will continue to provide exceptional service and support to customers of both the APT and Road Markings businesses during the review processes [2]. Group 3: Upcoming Investor Communication - Ingevity is hosting a Strategic Portfolio Update webcast for investors on December 8 at 9:00 a.m. (Eastern) to discuss the future strategic direction of the company [3].