DIVESTITURES

12 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

DIVESTITURES

4. DIVESTITURES

On February 10, 2025, the Company sold Northwest Polymers. The transaction was structured as a stock sale. 

(in thousands)
Cash considerations	$	7,021
Net assets divested	13,264
Loss on sale of business	$	(6,243)

Net assets divested included intangibles, net of $7,692, fixed assets, net of $2,063, working capital of $2,352, right-of-use assets and liabilities of $3,521 and $3,120, respectively, and allocated goodwill of $755. As part of the sale, the Company recognized an additional tax expense of $4,389, which included disallowed loss on the transaction of $1,378 and the write-off of related deferred tax assets of $3,011.