Ingevity Acquisition of Georgia-Pacific’s Pine Chemicals Business
In March 2018, Ingevity, a specialty chemicals company, completed the acquisition of Georgia-Pacific’s pine chemical business. An Edgeworth team—led by Partner Dr. Parker Normann and Principal Consultants Karuna Batcha and George Lynch—was retained to analyze numerous issues related to the potential competitive effects of the acquisition. The team analyzed relevant markets and potential substitutes, supply responses, available capacity, and global pricing. Edgeworth’s analysis was presented to the FTC via in-person meetings as well as letters addressing specific issues raised by the agency. The acquisition was cleared by the FTC and other global jurisdictions.