PPG completes acquisition Equa-Chlor $ 27 million
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PPG completes acquisition of Equa-Chlor for $ 27 million

12:35 PM, 18th June 2011
PPG completes acquisition of Equa-Chlor for $ 27 million
Michael H. McGarry, Senior VP, Commodity Chemicals, PPG.

PITTSBURGH, US: PPG Industries has completed the acquisition of certain assets of Equa-Chlor Inc, for a transaction value of approximately $ 27 million.

As of the closing, PPG now operates the Longview manufacturing plant, which produces about 220 tons of chlorine per day. In addition, the railcar fleet formerly owned by Equa-Chlor will be integrated into PPG’s rail delivery system, enabling PPG to optimize overall railcar use while reducing future capital requirements and logistics costs.

“We have begun to integrate the Longview location into PPG’s chlor-alkali and derivatives business,” said Michael H McGarry, Senior VP, Commodity Chemicals, PPG.

“Additionally, we anticipate that current supply disruptions in Asia will have a favourable impact on the overall economics of this transaction,” said McGarry.

(C) WOC News




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