04:46 PM EDT, 04/15/2026 (MT Newswires) -- Ingevity ( NGVT ) said late Wednesday it has signed a definitive agreement and closed on the sale of its Ozark Materials road markings business to PPG Industries ( PPG ) .

The all-cash transaction results in proceeds to Ingevity ( NGVT ) of approximately $65 million, subject to customary adjustments, according to the company.

The company said this divestiture is limited to its Ozark Materials road markings business and does not impact its Pavement Technologies business.