M&A Deal Summary

Mainstream Pine Products Acquires Ingevity - North Charleston CTO refinery Assets

On September 4, 2025, Mainstream Pine Products acquired chemicals company Ingevity - North Charleston CTO refinery Assets from Ingevity for 110M USD

Acquisition Highlights
  • This is Mainstream Pine Products’ 1st transaction in the Chemicals sector.
  • This is Mainstream Pine Products’ largest (disclosed) transaction.
  • This is Mainstream Pine Products’ 1st transaction in the United States.
  • This is Mainstream Pine Products’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2025-09-04
Target Ingevity - North Charleston CTO refinery Assets
Sector Chemicals
Buyer(s) Mainstream Pine Products
Sellers(s) Ingevity
Deal Type Divestiture
Deal Value 110M USD

Target

Ingevity - North Charleston CTO refinery Assets

North Charleston, South Carolina, United States
Ingevity's North Charleston CTO refinery Assets include Performance Chemicals Industrial Specialties product linerefining operations, and related product portfolios serving adhesives, lubricants, coatings, and other industrial markets. Ingevity's North Charleston CTO refinery Assets are based in North Charleston, South Carolina.

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Buyer(S) 1

Buyer

Mainstream Pine Products

Goose Creek, South Carolina, United States

Category Company
Sector Chemicals
DESCRIPTION

Mainstream Pine Products is a renewable chemicals company that develops and supplies pine?derived materials for industrial and commercial applications. Mainstream Pine Products is based in Goose Creek, South Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Ingevity

North Charleston, South Carolina, United States

Category Company
Founded 1964
Sector Chemicals
Employees1,600
Revenue 1.4B USD (2024)
DESCRIPTION

Ingevity is a provider of specialty chemicals and high-performance carbon materials and technologies that help customers solve complex problems. Ingevity was founded in 1964 and is based in North Charleston, South Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Ozark Materials

Greenville, Alabama, United States

Ozark Materials is a producer of pavement marking materials, including thermoplastic pavement markings, waterborne traffic paints and preformed thermoplastics. The company supplies specialty materials for roadway applications throughout the United States and Canada, for a customer base that includes state departments of transportation, civil and highway contractors, cities, universities and airports. Ozark Logistics is a logistics provider operating a dedicated fleet of vehicles located in five states across the United States to serve customers with best-in-class shipping times. Ozark Materials was founded in 2011 and is based in Greenville, Alabama.

Buy $325M