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


More stories

Image

Material Insights: Shell Chemical meets with residents

April 21, 2014 2:16 pm ET

Power outage at a PE plant and the return of a PVC feedstock plant after a fire on this week's Material Insights.    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events