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A North Charleston manufacturer that sprung from the paper-making industry is looking abroad for growth as it aims to bulk up on niche chemicals that command premium prices.
Ingevity Corp. announced Monday it will pay $675 million to buy a fast-growing U.K. business from Sweden’s Perstorp Holding AB. The sale of Capa is scheduled to close by March 31.
Ingevity said it expects the purchase to add to its bottom line in the first year, though merger-related expenses are expected to slow earnings growth in 2019.
Read the full story at The Post and Courier…
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