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Ingevity Completes Acquisition of Georgia-Pacific’s Pine Chemicals Business

Enters into 20-year, market-based crude tall oil supply contract with certain of Georgia-Pacific’s paper mill operations.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ingevity Corporation has acquired Georgia-Pacific’s pine chemicals business for $310 million in cash.   Ingevity said it expects to derive approximately $11 million in net synergies, which are expected to be attained through lower logistics costs, manufacturing optimization among the combined three chemicals plants and leveraged procurement costs.   In purchasing the pine chemicals business, Ingevity has acquired the pine chemicals-related assets at Georgia-Pacific’s Crossett, AR plant, sale...

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