ALTIVIA Acquires Axiall’s Texas Chemical Plant

ALTIVIA today announced that it has signed a definitive agreement for a takeover of the Specialty Phosgene Derivatives business’ assets – including the chemical production facilities – from Axiall Corporation. The production facilities are in La Porte, Texas.

axiall logo 315

“As we refine our portfolio, we are pleased to reach an agreement with ALTIVIA, where we believe our phosgene business will be a better strategic fit,” said Atlanta-based Axiall President and CEO Paul Carrico in a statement, according to The Atlanta Business Chronicle.

As part of the acquisition, ALTIVIA will hire the 120 employees who operate the facility.

More:

http://money.cnn.com/news/newsfeeds/articles/prnewswire/DA41783.htm