FTC seeks details about Ingevity’s acquisition of Georgia-Pacific’s pine chemicals business for $315M

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FTC seeks details about Ingevity’s acquisition of Georgia-Pacific’s pine chemicals business for $315M

November 14, 2017 - 18:50
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CHARLESTON, SC, Nov. 14, 2017 (Local News) -Government antitrust officials are seeking more details about a North Charleston chemical maker’s planned buyout of a competing business, though the deal is still expected to be approved.

Ingevity Corp. said the Federal Trade Commission asked for additional information and materials about the $315 million acquisition of a Georgia-Pacific Corp. subsidiary.

The agency made its Nov. 9 request under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, according to the company. Ingevity described it as a “standard part of the regulatory approval process for transactions of this type” and that it will “continue to work closely and cooperatively” with the commission.

The Post and Courier - Antitrust agency seeks details about North Charleston company's buyout plan

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