Georgia Gulf completes deal to become Axiall

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”

About the Author

Christopher Seward

Georgia lost jobs in September, says first report since the federal shutdown

Georgia’s job market cooled some in September but the unemployment rate remained steady, according to new data released Thursday by the state Department of Labor.

49m ago

MAKING CONNECTIONS

How the AJC covered Delta, Hartsfield-Jackson over their 100-year histories

The city's aviation sector has always been a key beat at the AJC. And it will remain that way. Here's a look at Delta's many milestones through the eyes of the AJC.

2h ago

Residents blast DeKalb Commission for approving PDK hangar expansion

County officials say the expansion will bring in needed revenue and enhance the surrounding communities. Critics say it will increase noise and air pollution.

2h ago

The Latest