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North Charleston’s Ingevity stepping out on its own

North Charleston’s Ingevity stepping out on its own

Jul 31 2016 10:00 am

The rubber hits the road this week when Ingevity releases its first quarterly financial results as a standalone company, more or less completing its planned breakaway from WestRock Co.

“It’s been a busy period,” said CEO Michael Wilson, who took over the North Charleston-based specialty chemicals business almost a year ago.

So far, the stock of the region’s newest public company has enjoyed a steep climb, rising about 50 percent since making its Wall Street debut in May. The business was valued at more than $1.6 billion as of last week.

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