US Georgia Gulf, PPG commodity chem merger to be named Axiall

14 January 2013 21:55  [Source: ICIS news]

HOUSTON (ICIS)--US-based Georgia Gulf announced on Monday that its pending commodity chemicals business merger with US-based PPG will be named Axiall.

Announced in July, the $2.1bn (€1.6bn) deal is expected to close by the end of January.

Axiall will trade on the New York Stock Exchange under the ticker symbol AXLL.

“The new and distinctive brand represents a clear break from the legacy names of the two businesses and gives us the flexibility to enter new markets, make future acquisitions and diversify our portfolio without the need to rebrand our organisation,” said Paul Carrico, Georgia Gulf’s CEO.

The combined company is expected to have annual revenues of around $5bn and be the third-largest chlor-alkali producer and second-largest vinyl chloride monomer (VCM) producer in North America.

($1 = €0.75)

By: Tracy Dang
+1 713 525 2653

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