Ingevity Acquires Assets of Adsorbed Natural Gas Products (ANGP)

May 11, 2020

Ingevity Corporation acquired the assets of Adsorbed Natural Gas Products, Inc. (ANGP) of Johns Island, South Carolina. The asset purchase brings ANGP's adsorbed natural gas (ANG) bi-fuel vehicle technology and team (including CEO Bob Bonelli) into Ingevity to accelerate commercialization and broaden its automotive carbon and ANG capabilities; terms were not disclosed.

Buyers
Ingevity Corporation
Targets
Adsorbed Natural Gas Products, Inc.
Sellers
Adsorbed Natural Gas Products, Inc.
Industry
Energy
Location
South Carolina, United States
Transaction Type
Divestiture

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