PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: PPG Industries, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

PPG to Acquire Chlor-alkali Manufacturer Equa-Chlor - PPG Industries (NYSE: PPG) announced that it has reached an agreement to purchase certain assets of Equa-Chlor, Inc., a producer of chlorine, caustic soda and muriatic acid
PPG to Acquire Chlor-alkali Manufacturer Equa-Chlor

 

NewswireToday - /newswire/ - Pittsburgh, PA, United States, 2011/03/21 - PPG Industries (NYSE: PPG) announced that it has reached an agreement to purchase certain assets of Equa-Chlor, Inc., a producer of chlorine, caustic soda and muriatic acid. NYSE: PPG

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Equa-Chlor, a privately-held company with 65 employees, maintains its singular manufacturing site and business headquarters in Longview, Wash. The deal is expected to close during the first half of 2011, subject to normal closing conditions. Financial terms were not disclosed.

“With the acquisition of Equa-Chlor, PPG’s chlor-alkali and derivatives business will gain a strategic foothold in the western United States, in addition to improving our ability to supply key customers throughout the country,” said Michael H. McGarry, PPG senior vice president, Commodity Chemicals. “We believe Equa-Chlor will be a nice complement to PPG’s chlor-alkali and derivatives business.”

“We believe this is an outstanding development for our customers, employees and other business partners,” said Clay Pace, president and CEO of Equa-Chlor. “We are committed to a seamless transition for all of our employees and business partners, building on the respective strengths of PPG and Equa-Chlor.”

PPG plans to acquire Equa-Chlor’s manufacturing operations, which produce approximately 220 tons per day of chlorine. In addition, PPG will acquire Equa-Chlor’s railcars, which PPG can integrate into its existing fleet. This will enable PPG to optimize overall railcar usage, reducing future capital requirements and logistics costs. In addition, PPG expects to achieve synergies related to administrative functions and to reduce overall U.S. transportation costs given Equa-Chlor’s geographic position. The acquisition is expected to be accretive to PPG earnings within the year and to generate positive cash flow from operations in 2011.

PPG currently manufactures chlor-alkali and derivates products in Lake Charles, La., Natrium, W.Va., Beauharnois, Quebec, Canada, and through a majority-owned subsidiary in Kaohsiung, Taiwan. These products are essential to everyday life and are used in many end-use markets, such as purifying drinking water and making bleach, paper and pharmaceuticals.

About PPG
PPG Industries’ vision is to continue to be the world’s leading coatings and specialty products company. Founded in 1883, the company serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. With headquarters in Pittsburgh, PPG (ppg.com) operates in more than 60 countries around the globe. Sales in 2010 were $13.4 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG).

Forward-Looking Statements
Statements in this news release relating to matters that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 reflecting the company’s current view with respect to future events or objectives and financial or operational performance or results. The forward-looking statements contained herein include statements relating to the timing and expected benefits of the acquisition. Actual events may differ materially from current expectations and are subject to a number of risks and uncertainties, including the failure to achieve the expected benefits of the acquisition and the other risks and uncertainties discussed in PPG Industries’ periodic reports on Form 10-K and Form 10-Q, and its current reports on Form 8-K filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of their initial issuance, and PPG Industries does not undertake any obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future events or otherwise.

Investor
Vince Morales, PPG Investor Relations
P: 412-434-3740 / E: vmorales[.]ppg.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: PPG Industries, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


PPG to Acquire Chlor-alkali Manufacturer Equa-Chlor

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

PPG Industries, Inc. |
Publisher Contact: Jeremy Neuhart - PPG Corporate Communications 
412-434-3046 neuhart[.]ppg.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PPG Industries, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From PPG Industries, Inc. / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

SCHOTT Eternaloc® Electrical Penetrations Answer New Requirements of Innovative Twin High-Temperature Reactors [HTR] in Shidao Bay, China
BASF’s iGloss Clearcoat Offers Higher Gloss and Improved Scratch-resistance on Vehicles
The Voith Paper Webshop Simplifies Ordering of Spare Parts and Provides Comprehensive Documentation Options
BASF Begins Production of Palatinol DOTP Plasticizer At its Pasadena, Texas Facility
ADNOC and Borealis Sign Agreement to Extend and Expand Joint Petrochemical Activities in Ruwais
LANXESS Launches New PBT Compound for Battery Components in Electric Cars
Hexagon Manufacturing Intelligence Releases PC-DMIS 2017 R2
BASF Releases Fendona CS Perimeter Pest Solution
Safran Invests in Cailabs - French Disruptive Startup Dedicated to Light Shaping Technologies
Voith Undertakes Pioneering Collaborative Study in Hydropower Modernization with the National University of La Plata, Argentina
Nexans Now Holds 100% of Nippon High Voltage Cable Corporation (NVC)
Tripp Lite Introduces the First USB Charger Safe for Patient-Care Vicinities
SCHOTT Equips Europe’s Largest Algae-based Omega-3 Production Facility with Glass Tubes
Voith and China Three Gorges Sign Strategic Cooperation Agreement
Hexagon Introduces New GLOBAL Advantage HTA Solution for Compressor Blade Measurement

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow Ltd

Visit  NAKIVO, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)