Ingevity Completes Acquisition of Capa Caprolactone Division of Perstorp Holding AB

01 Nov 2023

Ingevity Corporation (NYSE:NGVT) has completed its acquisition of the Capa™ caprolactone division of Perstorp Holding AB for a cash purchase price of €578.9 million ($652.5 million). The acquisition is expected to be accretive to Ingevity’s earnings and margins in the first year.

Capa is the global market leader in the production and commercialization of caprolactone and high-value downstream derivatives, including caprolactone polyols, caprolactone thermoplastics, caprolactone lactides, and hexanediol (HDO). The division’s products are key components in adhesives, bioplastics, coatings, elastomers and resins. The business operates a manufacturing facility in Warrington, England, U.K., and employs approximately 100 employees. Ingevity will include the business in the company’s Performance Chemicals segment and report revenues as “Engineered Polymers.”

“The Capa division is a strong, market-leading business focused on highgrowth end-use applications and is an excellent fit with Ingevity’s business model and capabilities,” said Michael Wilson, Ingevity president and CEO. “We are very pleased to be adding such a unique business to our company; one that will provide new avenues for strategic growth. Moreover, we’re excited to welcome our new employees in Warrington and across the globe,” he said. Ingevity: Purify, Protect and Enhance

Ingevity provides specialty chemicals and high-performance carbon materials and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,700 people. The company is traded on the New York Stock Exchange (NYSE: NGVT).

news More

From Waste to Resource The Evolution of Recycling Techniques in a Circular Economy

20 Nov 2024

Plastic waste management remains a great concern across the globe, there are millions of tons of waste accumulated annually and the conventional recycling methods don’t suffice. There are plenty of challenges in the segment such as mixed plastic streams, contamination, and limited recyclability of certain materials. Therefore, the demand for innovative techniques has emerged to overcome these barriers. Some cutting-edge solutions such as molecular recycling, enzymatic processes, and advanced sor Read More

Green hydrogen revolution and innovative pathways Exploring India s INR 200 crore green hydrogen initiative

15 Nov 2024

India has taken a bold step forward with the ambitious National Green Hydrogen Mission and this transformative initiative launched by the Ministry of New and Renewable Energy(MNRE). The announcements about the pilot projects sound very ambitious and enriching, and they are expected to redefine the way energy is produced, consumed and emphasize local resource utilization and reduce infrastructure dependency. These initiatives are considered and seen as a cornerstone of the country’s clean energy Read More

From Low-Margin to High-Value Transforming India s Chemical Industry through lessons from China s global leadership in chemicals

14 Nov 2024

Indian chemical sector stands at a crossroads. The rapidly expanding economy and global demand for specialized, high-valued chemicals are creating a unique opportunity to reshape the sector for the future. India should move beyond traditional, low-margin chemical production to become a global leader in innovation and sustainability. However, the country can take valuable lessons from China’s recent transformation, showcasing the impact of strategic investments in high-tech manufacturing, digital Read More

Exciting news in Green chemistry Mitsubishi chemical s BENEBiOL now stronger and greener with new biobased grades

11 Nov 2024

Companies are paving the way for sustainable innovation in the manufacturing of polyurethane resins. In that context, Mitsubishi has pioneered creating sustainable materials for polyurethane resins. While the previous grades were already catering the applications in the industries that required enhanced durability such as wind energy, that employed coatings to protect wind turbine blades, the new HSS and NLDS grades with over 80% biobased content with excellent properties have created a boom in Read More

International Conference and Exhibition - Exploring India s Dollar 15 Billion Investment Surge in Syngas and Nitrogen Projects

08 Nov 2024

The Nitrogen and Syngas industries are witnessing substantial change and innovation. The industry is driven by evolving energy standards, the push for sustainability and impressive advancements in technologies. Considering the significance of the context, the international nitrogen + syngas conference has become an essential meeting, as it fulfils the satiety of industry professionals craving insights about the industry and offers them a unique platform for knowledge exchange, networking and exp Read More

New Era in Electronics Tosoh s GaN Sputtering Target Could Fuel India s 5G and Data Center Expansion

07 Nov 2024

Think of data centres, electric vehicles, and consumer electronics. What do they hold in common? They are all dependent on GaN. Industries are striving to reduce energy consumption and becoming more critical towards efficient power conversion and loss. What can be done better here? This has been a point of debate ever since the industries are witnessing growth in diversified applications and demand for more efficient and smaller electronic devices. In this article, we have proudly shared and exp Read More