Georgia Gulf-PPG business to be named Axiall

By Frank Esposito
Senior Staff Reporter

Published: January 17, 2013 6:00 am ET

Related to this story

Topics PVC
Companies & Associations Georgia Gulf Corp.

ATLANTA — Georgia Gulf Corp. — a major producer of PVC and related products — will operate as Axiall Corp. after its merger with the commodity chemicals business of PPG Industries.

The merger is expected to be completed early this year. In a Jan. 14 news release, Georgia Gulf President and CEO Paul Carrico said that "the new and distinctive [Axiall] brand represents a clear break from the legacy names of the two businesses."

Carrico — who also will lead the new company — added that the new name "gives us the flexibility to enter new markets, make future acquisitions and diversify our portfolio without the need to rebrand our organization."

Axiall will be based in Atlanta, where Georgia Gulf has been located. The new firm will have annual sales of about $5 billion and will employ 2,000.

The merger was announced in July. Shareholders of Pittsburgh-based PPG will have a 50.5 percent stake in Axiall. The deal includes a $900 million cash payment from Georgia Gulf to PPG, as well as the new firm taking on almost $200 million in debt.

Georgia Gulf ranks as one of North America's largest makers of PVC resin and compounds. It is also a major player in PVC-based construction products. PPG products in the deal include PVC feedstocks ethylene dichloride and vinyl chloride monomer.


Comments

Georgia Gulf-PPG business to be named Axiall

By Frank Esposito
Senior Staff Reporter

Published: January 17, 2013 6:00 am ET

Post Your Comments


Back to story

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events