Ingevity announces results of portfolio review

Ingevity (NGVT) announced it has completed the company’s previously disclosed portfolio review process and is in the early stages of exploring strategic alternatives for its Advanced Polymer Technologies segment and Performance Chemicals Road Markings business, including a potential sale of one or both. Ingevity emphasized that it will continue to provide exceptional service and support to customers of both APT and Road Markings throughout the respective review processes. The company cannot ensure that its strategic review will result in one or more transactions and does not intend to disclose further developments unless and until it is determined that further disclosure is appropriate.