ATLANTA -- Georgia Gulf Corp. will changes its name to Axiall Corp. when its $2 billion acquisition of PPG Industries Inc.'s chlor-alkali and derivatives business closes.
It will trade on the New York Stock Exchange under the ticker symbol "AXLL."
The company said it its new name is based on the word "axial," which refers to the formation of an axis and is used often in chemistry to describe bonds and flow.
"The new name is the result of more than five months of effort and creativity by a group of employees from both Georgia Gulf and PPG," said Paul Carrico, Georgia Gulf president and CEO, in a statement. "The new and distinctive brand represents a clear break from the legacy names of the two businesses, and gives us the flexibility to enter new markets, make future acquisitions, and diversify our portfolio without the need to rebrand our organization."
Georgia Gulf is an Atlanta-based building materials and chemicals company.
(Atlanta Business Chronicle)