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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