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Georgia Gulf to expand its chlorine-based business

July 26/2012

(Canadian Plastics) -- Chemical supplier Georgia Gulf Corp. will buy PPG Industries" commodity chemicals company for USD900 million in cash and USD1 billion in shares.

The proposed transaction would create one of the largest producers of chlor-alkalis, used to make PVC windows, pipes and sidings, as well as hydrochloric acid, where demand has surged because of its use in extracting shale gas.

"The combined company will be a leading integrated chemicals and building products company that we believe will benefit from significant integration and scale, a broad portfolio of downstream products, as well as the regional advantage of low-cost North American natural gas," Georgia Gulf president and CEO Paul Carrico said in a Georgia Gulf news release.

The acquisition is expected to be completed late this year or early next year. The merged company expects to have an annual revenue of USD5 billion, according to the statement.

The Georgia Gulf Corporation has historically been a major manufacturer and marketer of chlorovinyls (caustic soda, chlorine, VCM, EDC, PVC resins, PVC rigid and flexible compounds) and aromatics (acetone, cumene, phenol). With the acquisition of Royal Group Technologies the company is now also a major producer of building materials ranging from piping and siding to window profiles, decking, and fencing.


mrcplast.com
Author:Margaret Volkova
Tags:PVC, other pipes, profiles, Georgia Gulf, PPG.
Category:General News
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