NewsFlashUS PPG commodity chems business to merge with Georgia Gulf

19 July 2012 12:17  [Source: ICIS news]

LONDON (ICIS)--PPG and Georgia Gulf have approved definitive agreements under which PPG will separate its commodity chemicals business and then merge it with Georgia Gulf in a deal valued at $2.1bn (€1.72bn), the US-based chemical firms said on Thursday.

The companies said the merger would create a leading integrated chemicals and building products company which is expected to deliver enhanced value for the shareholders of both firms.

($1 = €0.82)

By: Franco Capaldo
+44 (0)20 8652 3214

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