NGVT Consents to Sell North Charleston CTO Refinery to Mainstream Pine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 08 2025
0mins
Should l Buy CRS?
Source: NASDAQ.COM
Ingevity Corporation's Divestiture: Ingevity Corporation has agreed to sell its North Charleston crude tall oil refinery assets and most of its Performance Chemicals Industrial Specialties product line to Mainstream Pine Products, LLC, for approximately $110 million, with a potential additional payment based on future performance.
Strategic Goals and Financial Impact: The divestiture aims to reduce portfolio volatility and enhance cash flow, allowing for more flexible capital allocation. The transaction will not affect the production of existing product lines and will be reflected as discontinued operations in future financial reports.
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Analyst Views on CRS
Wall Street analysts forecast CRS stock price to fall
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 395.800
Low
375.00
Averages
380.75
High
388.00
Current: 395.800
Low
375.00
Averages
380.75
High
388.00
About CRS
Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company operates in two segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The SAO segment comprises its premium alloy and stainless-steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania and surrounding areas, as well as South Carolina and Alabama. The PEP segment comprises its differentiated operations. This segment includes the Dynamet titanium business, the Carpenter Additive business and the Latrobe and Mexico distribution businesses. It provides specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial and consumer markets. The Company operates its own network of service and distribution centers, located in the United States, Canada, Mexico, Europe and Asia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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