Atlanta-based Georgia Gulf Corp. has completed a deal to merge with a former division of PPG Industries, creating a new chemicals company called Axiall Corp.
The new company, which manufactures a range of chemicals and vinyl-based building and home improvement products, will be headquartered in Atlanta. It has about 6,000 employees, including 100 at the headquarters, spokesman Alan Chapple said.
Georgia Gulf and PPG announced last July that PPG was spinning off its commodity chemical division and that it was merging with the Atlanta company in a $2 billion deal.
The new company’s products are used in everything from soaps and IV bags to PVC pipes for sewers. It is expected to have annual revenues of about $5 billion, Chapple said.
The company is headed by President and Chief Executive Officer Paul Carrico, former CEO of Georgia Gulf.
Axiall will trade on the New York Stock Exchange under the symbol “AXLL”
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