Ingevity acquires G-P’s pine chemicals business

North Charleston, SC-based Ingevity Corp. has bought Georgia-Pacific’s pine chemicals business for $310 million cash. Included are the pine chemicals-related assets at G-P’s Crossett, AR, plant, saleable inventory, customer lists and the book of business, as well as various patents and trade names.

The business manufactures and sells pinebased tall oil fatty acids, tall oil rosin and tall oil rosin esters used in adhesives, cleaners, paints and other coatings, inks, metalworking, mining, oilfield, packaging and rubber processing.

Ingevity has also entered into a 20-year, market-based crude tall oil (CTO) supply contract with certain of G-P’s paper mill operations.

• Ingevity also said it would raise prices for its Altapyne® and XTOL® tall oil fatty acid products, tall oil rosin, rosin esters and other rosin derivative products. The average increases range from 10 to 20% dependent on the specific product. The new prices will be effective May 1, 2018, or as contracts allow.

www.ingevity.com

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