Merger of PPG's Chlor-Alkali business with Georgia Gulf to form Axiall Corporation
Deal Size: $2.1bn
Natrium Capital advised PPG Industries inc. on the merger of its Chlor-alkali division with Georgia Gulf and the subsequent formation of Axiall corporation. The new company, Axiall, manufactures two integrated chemical product lines: chlorovinyls and aromatics, in addition to a line of vinyl-based building and home improvement products under the Royal Building Products and Exterior Portfolio brands. When PPG announced the plan last year, it predicted that the deal would create “a leading global chemicals and building products company with approximately $5 billion in revenues.” PPG said the newly merged company would have around 6,400 employees spread across more than 40 locations.
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